Ky. Rev. Stat. § 376.050

Current through 2024 Ky. Acts ch. 225

Section 376.050 - Mortgage for building or improvement purposes to state facts - Misapplication of proceeds

(1) Any mortgage taken to secure a loan made for the purpose of erecting, improving or adding to a building shall state such facts.

(2) No person shall willfully misappropriate or misapply the proceeds received from such a loan.

KRS 376.050

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. sec. 2467.