Section 286.10-205 - Licensed title pledge lender - Limitation of action on title pledge agreement(1) A title pledge lender licensed under KRS 286.10-200 to 286.10-285 and KRS 286.10-991 may make loans of money on pledges of titled personal property in accordance with the provisions of KRS 286.10-200 to 286.10-285 and KRS 286.10-991.(2) Title pledge lenders exercising the authority set forth in KRS 286.10-200 to 286.10-285 and KRS 286.10-991 shall not be deemed in violation of KRS Chapter 360. No action shall be brought by a pledgor against a title pledge lender in connection with the title pledge agreement more than five (5) years after the date of the alleged occurrence of any violation of KRS 286.10-200 to 286.10-285 and KRS 286.10-991.Effective:7/15/1998
Created 1998, Ky. Acts ch. 242, sec. 2, effective7/15/1998.