There is a newer version of the Kentucky Revised Statutes
2006 Kentucky Revised Statutes - Subtitle 8. Mortgage Loan Companies and Brokers
- .010 Definitions.
- .012 Administrative hearing request.
- .020 Exemptions.
- .030 Transaction of business prohibited without license -- Effect of issuance of license.
- .032 Application for license.
- .034 Fees.
- .036 Rules concerning use of license.
- .060 Surety bonds required -- Executive director to determine amount -- Alternatives to posting corporate surety bond.
- .070 Company name.
- .075 Change of control.
- .080 Factors for use by executive director in determining approval or disapproval of application.
- .090 Denial, suspension, or revocation of license -- Jurisdiction of Franklin Circuit Court.
- .100 Branch offices.
- .110 Rates -- Mortgage required as evidence of real estate loan -- Delinquency charges -- Attorneys' fees -- Charges made part of note.
- .120 Fees and charges in addition to interest -- Letters of commitment -- Failure to fulfill terms constitutes default.
- .130 Escrow account -- Interest -- Accounting.
- .140 Powers of executive director.
- .150 Records filed with executive director open to public inspection -- Exception.
- .160 Records to be kept by company -- Filing of financial report and correcting amendment.
- .170 Places where records required to be kept -- Examination by executive director -- Fee -- Access to records.
- .175 Confidentiality of examination reports and information -- Exceptions -- Prima facie evidence.
- .180 Conduct of examination -- Cost of investigation or hearing.
- .190 Grounds for investigation -- Action executive director may take after investigation.
- .200 Order of suspension or denial of license -- Notice -- Hearing.
- .210 Judicial review.
- .220 Prohibited acts.
- .230 Deadline for initial compliance.
- .240 Short title.
- .250 Mortgage loan brokers to maintain physical location in Commonwealth -- Display of license certificate.
- .255 Registration with office required for mortgage loan broker or loan officer -- Renewals and temporary certificates -- Continuing education requirement -- Brokers and officers subject to other laws.
- .260 Continuing professional education required for registered mortgage loan brokers and registered loan officers -- Termination and surrender of certificate of registration.
- .270 Mortgage loan broker as agent for individuals applying for mortgage loans -- Disclosure required.
- .275 Reporting of violations of subtitle -- Duties of executive director -- No waiver of privilege or claim on confidentiality.
- .280 Limitation of liability.
- .285 Multistate automated licensing system for mortgage loan brokers, mortgage loan companies, loan officers, or originators.
- .990 Penalties.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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