Subtitle
Subtitle 4. Consumer Loan Companies
- KRS 286.4-410— Definitions -- Application of subtitle
- KRS 286.4-420— License required for finance companies -- Evidence of existing licenses
- KRS 286.4-425— Commissioner's coordination with State Regulatory Registry and other agencies
- KRS 286.4-430— Form of application -- Contents
- KRS 286.4-440— Application and license fees
- KRS 286.4-450— Bonding requirements for applications submitted on or after January 1, 2020 -- Demonstration of financial condition -- Managing principal -- Background check -- Incomplete application -- Approval or rejection of application -- Time limit -- Appeal -- Hearing -- Eligibility if license denied
- KRS 286.4-460— License -- Contents -- Transfer -- Place of business -- Change -- Name on license
- KRS 286.4-465— Approval of change of control -- Application -- Fees -- Determination of whether proposed transaction constitutes change of control
- KRS 286.4-470— Limitation on locations at which business may be conducted -- Construction of subtitle regarding types of loans
- KRS 286.4-480— Duration of license -- Payment of annual fee -- Expiration -- Reinstatement
- KRS 286.4-490— Reasons for adverse action or cease-and-desist order -- Locations at which adverse action applies -- Eligibility if license revoked -- Effect of adverse action -- Complaint -- Relief -- Civil penalty
- KRS 286.4-495— Emergency orders -- Grounds -- Hearing -- Duration of emergency order
- KRS 286.4-500— Notice of license denial -- Administrative complaint -- Hearings and final orders -- Findings -- Service by certified mail
- KRS 286.4-505— Administrative hearing for person or licensee aggrieved by final decision of commissioner
- KRS 286.4-520— Prohibited advertisements and statements
- KRS 286.4-530— Basic, default, and deferment charges -- Refund upon prepayment -- Reduction when installments in default -- Charges computed on unpaid balance -- Principal may include balance on prior loan -- Loan entered into within 10 days of another loan -- Restrictions on interest and consideration
- KRS 286.4-533— Authorized charges for extension of credit
- KRS 286.4-535— Closing costs collectible when liens on real estate taken as security
- KRS 286.4-540— Duties of licensee
- KRS 286.4-545— Agent for service of process
- KRS 286.4-547— Compliance with federal and state laws -- Regulatory penalties
- KRS 286.4-550— Time of installment payments
- KRS 286.4-560— Insurance
- KRS 286.4-570— Wage purchases -- Assignment of compensation
- KRS 286.4-580— Prohibited conduct -- No contract or loan without scheduled repayment -- Lien on real estate as security
- KRS 286.4-590— Licensee to make annual report
- KRS 286.4-600— Licensee's records -- Retention -- Notice of cessation -- Custodian of records -- Request for destruction -- Withholding or altering records
- KRS 286.4-605— Confidential and privileged documents -- Commissioner's powers -- Privilege or claim of confidentiality not waived
- KRS 286.4-610— Commissioner's power to issue administrative regulations and examine licensees -- Investigations -- Enforcement of subpoena -- Powers of commissioner
- KRS 286.4-613— Effect of conformity with notice, opinion, or interpretation of commissioner
- KRS 286.4-615— Commonwealth or its employees not liable for failure to disclose financial condition of consumer loan company
- KRS 286.4-620— Public policy relating to loans of $15,000 or less -- Loans outside state
- KRS 286.4-630— Repealed, 2019
- KRS 286.4-640— Effect of future amendment of this subtitle
- KRS 286.4-990— Civil penalties -- Actions by commissioner against violators -- Recovery of penalties and fees
- KRS 286.4-991— Penalties