There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 371 FORMALITY AND ASSIGNABILITY OF CONTRACTS -- INSTALLMENT SALES CONTRACTS
371.130 Copy to be delivered to wage earner -- Endorsement of payments made -- Effect of violation or fraud.
Download pdfconsideration to him. (2) No such instrument shall be valid against any such wage earner in any case where the copy was, with or without the consent of the wage earner, taken from his
possession, altered or destroyed by the assignee, vendee, pledgee or mortgagee, or
his agent. (3) The assignee, vendee, pledgee or mortgagee shall, upon demand and the payment of ten cents ($0.10), furnish the wage earner an exact copy of the instrument. Any false
statement made in the copy shall make the original instrument invalid against the
wage earner. (4) The time and amount of all payments made by the wage earner under the terms of the instrument shall be endorsed on the copy and on the original, and shall be a part
thereof. A failure to endorse any such payment shall make the instrument invalid. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4758a-3.
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