Download as PDF
205.990 Penalties.
(1)
(2)
(3)
(4)
(5)
(6)
Any person who violates any of the provisions of KRS 205.170 or subsections (1) to
(3) of KRS 205.175 shall be guilty of a Class A misdemeanor.
Any person who violates subsection (4) of KRS 205.175 shall be guilty of a Class D
felony.
Any person who willfully violates any of the provisions of KRS 205.310, or any
rule or regulation thereunder, shall be guilty of a Class B misdemeanor. Each failure
or violation shall constitute a separate offense.
Any bank, savings and loan association, credit union, or other financial institution
which fails to comply with the provisions of subsection (1) of KRS 205.835 or
which submits fraudulent information to the cabinet shall be guilty of a Class A
misdemeanor.
Any bank, savings and loan association, credit union, investment company, savings
institution, trust company, insurance or annuity company, pension or profit-sharing
trust company, or other financial institution failing to comply with provisions of
KRS 405.430(11) shall be subject to a penalty of five hundred dollars ($500) for
each failure to comply.
Any person or financial institution that fails to comply with the provisions of KRS
205.772 or any administrative regulation promulgated under KRS 205.772, within
ninety (90) days after notification by the cabinet shall, unless the failure is due to
reasonable cause as defined in KRS 131.010, be fined not less than one thousand
dollars ($1,000) and no more than five thousand dollars ($5,000) for each full
month of noncompliance. The fine shall begin on the first day of the month
beginning after the expiration of the ninety (90) days.
Effective: June 26, 2007
History: Amended 2007 Ky. Acts ch. 68, sec. 3, effective June 26, 2007. -- Amended
1998 Ky. Acts ch. 255, sec. 12, effective July 15, 1998. -- Amended 1994 Ky. Acts
ch. 96, sec. 19, effective July 15, 1994; and ch. 316, sec. 19, effective July 15, 1994.
– Amended 1992 Ky. Acts ch. 463, sec. 21, effective July 14, 1992. -- Amended
1988 Ky. Acts ch. 411, sec. 32, effective July 15, 1988. -- Amended 1986 Ky. Acts
ch. 286, sec. 5, effective July 15, 1986. -- Amended 1982 Ky. Acts ch. 325, sec. 5,
effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 188, sec. 197, effective July
15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 6, effective
February 10, 1979. -- Amended 1952 Ky. Acts ch. 33, sec. 13. -- Amended 1950 Ky.
Acts ch. 110, secs. 11 and 12. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 938i-7.
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.