There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 371 FORMALITY AND ASSIGNABILITY OF CONTRACTS -- INSTALLMENT SALES CONTRACTS
371.990 Penalties.
Download pdfdollars ($200) for each offense. (2) Any person who shall willfully and intentionally violate any provision of KRS 371.210 to 371.330 shall be guilty of a misdemeanor and upon conviction shall be
punished by a fine not exceeding five hundred dollars ($500) or by imprisonment
for not more than six (6) months, or both. (3) Any person who violates any provision of KRS 371.210 to 371.330 except as a result of an accidental or bona fide error shall be barred from the recovery of any
time price differential, or any delinquency or collection charge under or in
connection with the related installment contract or retail charge agreement; but the
holder may nevertheless recover from the buyer an amount equal to the cash price
of the goods or services and the cost to the seller or holder of any insurance
included in the transaction. (4) Notwithstanding the provisions of subsections (2), (3) and (4) of this section, any failure, other than a willful and intentional failure, to comply with any provision of
KRS 371.210 to 371.330 may be corrected within ten (10) days after the holder is
notified thereof in writing by the buyer and, if so corrected, neither the seller nor the
holder is subject to any penalty under subsections (2), (3) and (4) of this section. History: Amended 1962 Ky. Acts ch. 136, sec. 6(2) and (4). -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4758a-3.
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