There is a newer version of this Section
2022
2021 (you are here)
2020
2019
2018
Other previous versions
View our newest version here

2021 Kentucky Revised Statutes
Chapter 286 - Kentucky financial services code
Subtitle 286.10 - Title Pledge Lending
286.10-250 Record of agreement -- Contents -- Signature requirement -- Location of records.

Universal Citation: KY Rev Stat § 286.10-250 (2021)
Previous Next

Download as PDF
286.10-250 Record of agreement -- Contents -- Signature requirement -- Location of records. (1) (2) (3) Every title pledge lender shall keep a consecutively numbered record of every title pledge agreement executed. A copy of the title pledge agreement shall be maintained for a period of two (2) years from the date the title pledge agreement was executed, and shall include the following: (a) A clear and accurate description of the titled personal property, including its vehicle identification number, license plate number, year, make, model, type, and color; (b) The date of the title pledge agreement; (c) The amount of the loan made in accordance with the title pledge agreement; (d) The date of maturity of the loan; and (e) The name, date of birth, Social Security number, and residence address of the pledgor, together with a photocopy of the pledgor's motor vehicle operator's license. The pledgor shall sign the title pledge agreement, and shall be provided with a copy of the agreement. The title pledge agreement shall also be signed by the title pledge lender or the lender's employee or agent. This information shall be maintained at the title pledge office location, approved by the department, and made available for inspection by the law enforcement agencies where the title pledge lender is located during the regular business hours of the title pledge office. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 831, effective July 15, 2010. -- Created 1998 Ky. Acts ch. 242, sec. 11, effective July 15, 1998. Formerly codified as KRS 368.250. 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.
Previous Next
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.