Ky. Rev. Stat. § 286.4-615

Current through 2024 Ky. Acts ch. 5
Section 286.4-615 - Commonwealth or its employees not liable for failure to disclose financial condition of consumer loan company

In undertaking the examination of a consumer loan company neither the Commonwealth of Kentucky, the commissioner of the Department of Financial Institutions, nor any examiner employed by the Commonwealth shall become liable to any depositor, investor, or other obligor of said consumer loan company by reason of said examination or omission of said examination to fully and effectively disclose the financial condition of said consumer loan company, it being the policy of the Commonwealth of Kentucky that such examinations as are required by KRS 286.4-610 are for the purpose of determining compliance with state law and not for the purpose of protecting or guaranteeing the depositors, investors, or other obligors of said consumer loan companies.

KRS 286.4-615

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 670, effective7/15/2010. -- Amended 1998, Ky. Acts ch. 198, sec. 7, effective 7/15/1998. -- Created 1980 Ky. Acts ch. 357, sec. 2, effective 7/15/1980.