Ky. Rev. Stat. § 286.7-540

Current through 2024 Ky. Acts ch. 225
Section 286.7-540 - When certificate required

No corporation organized under the provisions of KRS 286.7-410 to 286.7-600, nor any foreign corporation, nor any other person not authorized by other specific statutory provisions, shall engage in the business of making loans at a rate of interest in excess of the legal rate of interest prescribed in KRS 360.010 unless there is on file in the office of the commissioner a certificate issued by the commissioner authorizing the transaction of an industrial loan business under the provision of KRS 286.7-410 to 286.7-600.

KRS 286.7-540

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 757, effective7/15/2010. -- Created 1962 Ky. Acts ch. 166, sec. 9.