286.11-049 Consent orders.
The commissioner may enter into a consent order with another person at any time, in
order to resolve a matter arising under this subtitle. A consent order shall be signed by the
person to whom it is issued or by the person's authorized representative and shall indicate
agreement with the terms contained in the order. A consent order may provide that it does
not constitute an admission by a person that this subtitle, or an administrative regulation
promulgated under this subtitle, or an order issued under this subtitle has been violated.
Any consent order that the commissioner enters into in order to resolve a matter arising
under this subtitle shall be deemed an administrative action and a public record.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 853, effective July 15, 2010. -- Created
2006 Ky. Acts ch. 247, sec. 25, effective April, 2006.
Legislative Research Commission Note (7/12/2006). This section was created in 2006
Ky. Acts ch. 247 as a new section of KRS Chapter 366A. Sec. 38 of that same bill
also required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A,
and 368 be renumbered as sections of a single KRS chapter entitled the "Kentucky
Financial Services Code." Therefore, the Statute Reviser, acting under KRS 7.136(1),
has codified this section as a new section of KRS Chapter 286.
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