There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.750 Additional fees, charges and costs.
Download pdfprovide for the collection of fees not to exceed twenty dollars ($20) annually, and in
addition, the following enumerated fees, charges and costs:
(1) Delinquency charges not to exceed five dollars ($5) each month if payments required by the plan are not made when due; (2) All fees and closing costs incurred in connection with the taking of a mortgage on real estate if bona fide and not retained by the bank; and (3) Reasonable attorney's fees and court costs provided that the account is referred to an attorney not a salaried employee of the bank or holder for collection. Effective: July 13, 1984
Formerly codified as KRS 287.750.
History: Amended 1984 Ky. Acts ch. 349, sec. 4, effective July 13, 1984. -- Created 1972 Ky. Acts ch. 207, sec. 5. 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.
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