Ky. Rev. Stat. § 286.4-420

Current through Acts Received April 24, 2024
Section 286.4-420 - License required for finance companies - Evidence of existing licenses

No person shall, without first obtaining a license from the commissioner, engage in the business of making loans in the amount or of the value of fifteen thousand dollars ($15,000) or less at a greater rate of interest, or consideration therefor than otherwise permitted by law. All persons licensed under the provisions of this subtitle on July 15, 1982, are licensed to make loans pursuant to this subtitle, and the commissioner shall, upon request, deliver evidence of licensing within ninety (90) days of such request.

KRS 286.4-420

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 657, effective7/15/2010. -- Amended 1982 Ky. Acts ch. 53, sec. 2, effective 7/15/1982. -- Amended 1980, sec. 107, sec. 1, effective 7/1/1980. -- Amended 1970 Ky. Acts ch. 48, sec. 1. -- Created 1960 Ky. Acts ch. 204, sec. 2, effective 6/16/1960.