Section 286.10-220 - Application for title pledge lending licenseEach application for a title pledge lending license shall be filed with the department, and the application shall provide the following:
(1) The name of the beneficial owner if a sole proprietorship; or in the case of a corporation, all individuals serving as officers or directors; or in the case of a partnership or limited liability company, the members thereof;(2) The street address where the title pledge office is to be operated;(3) Proof of the capital and surety bond requirements set forth in KRS 286.10-215, accompanied by an unaudited financial statement from a certified public accountant;(4) An affidavit from each individual set forth in subsection (1) of this section stating that each individual has not been convicted of a felony within the ten (10) year period preceding the date of application;(5) Certified funds in the amount of five hundred dollars ($500) payable to the department; and(6) Other information as required by the commissioner.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 825, effective7/15/2010. -- Created 1998, Ky. Acts ch. 242, sec. 5, effective 7/15/1998.