Title 040 | Chapter 012 | Regulation 430REG
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OFFICE OF ATTORNEY GENERAL
Kentucky Office of Regulatory Relief
(Amended at ARRS Committee)
40 KAR 12:430.Buying clubs and vacation clubs.
Section 1.
Buying and Vacation Club Seller Surety Bond Submission.(1)
(a)
A buying club seller or a vacation club seller that has a membership fee exceeding thirty-five (35) dollars shall not make sales(b)
A buying club seller or a vacation club seller shall submit a surety bond using the(2)
To complete(a)
The seller's certificate of existence, authorization certificate from the Kentucky Secretary of State's office, or other evidence of the applicant's authority to transact business in Kentucky; and(b)
A completed Buying and Vacation Club Seller Surety Bond, form BV-1, or other completed surety bond complying with KRS 367.403.Section 2.
Buying and Vacation Club Seller Exemption Application.(1)
A nonprofit organization may submit an online application to be exempted from the requirements of KRS 367.397 to 367.403 by using the(2)
To submit(3)
An applicantSection 3.
Record Requests. A buying club seller, vacation club seller or exempted non-profit organization shall make businessSection 4.
Incorporation by Reference.(1)
The following material is incorporated by reference:(a)
"Buying and Vacation Club Seller Surety Bond", Form BV-1, Dec. 2025;(b)
"Buying/Vacation Club Seller Surety Bond submission portal", Dec. 2025; and(c)
"Buying and Vacation Club Seller Exemption Application portal", Dec. 2025.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Office of the Attorney General Capital Complex East, 1024 Capital Center Drive, Suite 200, Frankfort, Kentucky 40601, Monday through Friday, 8:00 a.m. to 4:30 p.m. This material is also available on the Attorney General's website, https://ag.ky.gov/Pages/default.aspx.FILED WITH LRC: March 9, 2026
CONTACT PERSON: Stephen B. Humphress, Executive Director, Kentucky Office of Regulatory Relief, Kentucky Office of Attorney General, 1024 Capital Center Drive, Suite 200, Frankfort, Kentucky 40601, phone: 502-696-5408, fax: (502) 573-8317, email: steve.humphress@ky.gov.
OFFICE OF ATTORNEY GENERAL
Kentucky Office of Regulatory Relief
(Amended at ARRS Committee)
40 KAR 12:430.Buying clubs and vacation clubs.
Section 1.
Buying and Vacation Club Seller Surety Bond Submission.(1)
(a)
A buying club seller or a vacation club seller that has a membership fee exceeding thirty-five (35) dollars shall not make sales to Commonwealth of Kentucky residents, unless the seller submits a surety bond to the Attorney General in accordance with this administrative regulation,.(b)
A buying club seller or a vacation club seller shall submit a surety bond using the Buying/Vacation Club Seller Surety Bond submission portal available at https://www.ag.ky.gov/Resources/Pages/forms.aspx.(2)
To complete the online bond submission portal, a buying club seller or a vacation club seller shall submit:(a)
The seller's certificate of existence, authorization certificate from the Kentucky Secretary of State's office, or other evidence of the applicant's authority to transact business in Kentucky; and(b)
A completed Buying and Vacation Club Seller Surety Bond, form BV-1, or other completed surety bond complying with KRS 367.403.Section 2.
Buying and Vacation Club Seller Exemption Application.(1)
A nonprofit organization may submit an online application to be exempted from the requirements of KRS 367.397 to 367.403 by using the Buying and Vacation Club Seller Application portal available at https://www.ag.ky.gov/Resources/Pages/forms.aspx.(2)
To submit the online application, an applicant shall submit the applicant's certificate of existence, authorization certificate from the Kentucky Secretary of State's office, or other evidence of the applicant's authority to transact business in Kentucky.(3)
An applicant shall submit additional information or documents for their application within thirty (30) days of any request by the Attorney General. The Attorney General may deny any application if an applicant fails to timely complete the application by not providing requested missing information or required documents.Section 3.
Record Requests. A buying club seller, vacation club seller or exempted non-profit organization shall make business records, documents, and information related to an investigation or inquiry readily available to the Attorney General for inspection and copying upon request.Section 4.
Incorporation by Reference.(1)
The following material is incorporated by reference:(a)
"Buying and Vacation Club Seller Surety Bond", Form BV-1, Dec. 2025;(b)
"Buying/Vacation Club Seller Surety Bond submission portal", Dec. 2025; and(c)
"Buying and Vacation Club Seller Exemption Application portal", Dec. 2025.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Office of the Attorney General Capital Complex East, 1024 Capital Center Drive, Suite 200, Frankfort, Kentucky 40601, Monday through Friday, 8:00 a.m. to 4:30 p.m. This material is also available on the Attorney General's website, https://ag.ky.gov/Pages/default.aspx.FILED WITH LRC: March 9, 2026
CONTACT PERSON: Stephen B. Humphress, Executive Director, Kentucky Office of Regulatory Relief, Kentucky Office of Attorney General, 1024 Capital Center Drive, Suite 200, Frankfort, Kentucky 40601, phone: 502-696-5408, fax: (502) 573-8317, email: steve.humphress@ky.gov.