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2014 Kentucky Revised Statutes
CHAPTER 376 - STATUTORY LIENS
376.050 Mortgage for building or improvement purposes to state facts -- Misapplication of proceeds.

KY Rev Stat § 376.050 (2014) What's This?

Download as PDF 376.050 Mortgage for building or improvement purposes to state facts -Misapplication of proceeds. (1) (2) Any mortgage taken to secure a loan made for the purpose of erecting, improving or adding to a building shall state such facts. No person shall willfully misappropriate or misapply the proceeds received from such a loan. Effective:October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2467.

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