2006 Kentucky Revised Statutes - .530   Authority of office -- Regulations.

286.7-530 Authority of office -- Regulations. (1) Every corporation organized under the provisions of KRS 286.7-410 to 286.7-600 shall report to and be subject to examination, supervision, and control by the Office of Financial Institutions. (2) KRS 286.7-410 to 286.7-600 shall be enforced by the executive director, who may, after notice to holders of certificates and a hearing, promulgate regulations, referenced to the section or sections which set forth the legislative standards they interpret or apply, for the proper conduct of the business authorized under KRS 286.7-410 to 286.7-600. (3) On or before January 30 of each year, every industrial loan company shall file with the executive director a report for the preceding calendar year. The report shall give information with respect to the financial condition of the industrial loan company, and other relevant information as the executive director may reasonably require. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 157, sec. 11, effective July 14, 2000. -- Created 1962 Ky. Acts ch. 166, sec. 8. Formerly codified as KRS 291.530. Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.