286.8-180 Conduct of examination -- Cost of investigation or hearing.
(1)
(2)
(3)
In the conduct of any examination, investigation, or hearing, the commissioner or an
officer designated by the commissioner may compel the attendance of any person or
obtain any documents by subpoenas; administer oaths or affirmations in the
examination of the directors, officers, agents, employees of any mortgage loan
company, or mortgage loan broker or any other person concerning the business and
conduct of affairs or any person subject to the provisions of this subtitle, and in
connection therewith may require and compel the production of any books, records,
papers, or other documents relevant to the inquiry.
In the contumacy by, or refusal to obey a subpoena issued to, any person, Franklin
Circuit Court, upon application by the commissioner, may issue to the person an
order requiring him or her to appear before the commissioner, or the officer
designated by the commissioner, there to produce documentary evidence if so
ordered or to give evidence touching the matter under investigation or in question.
Failure to obey the order of the court may be punished by the court as a contempt of
court.
The cost of any investigation or hearing conducted under KRS 286.8-190 may be
assessed to and collected from the mortgage loan company or mortgage loan broker
in question by the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 784, effective July 15, 2010. -- Amended
1992 Ky. Acts ch. 77, sec. 10, effective July 14, 1992. -- Created 1980 Ky. Acts
ch. 365, sec. 19, effective July 15, 1980.
Formerly codified as KRS 294.180.
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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