Kentucky — Chapter 286 — KENTUCKY FINANCIAL SERVICES CODE

• § 286.1-010 — Definitions for chapter
• § 286.1-011 — Department of Financial Institutions -- Appointment of commissioner and deputy commissioner -- Seal -- Functions -- Divisions within department
• § 286.1-013 — Financial Institutions Board -- Duties
• § 286.1-020 — Duties of commissioner -- Administrative regulations
• § 286.1-440 — Appointment of examiners -- Oath -- Restrictions on debt and stock ownership -- Contracts for services of agency's examiners
• § 286.1-485 — Disposition of fees collected under various KRS provisions
• § 286.2-010 — Application of chapter
• § 286.2-015 — Political subdivisions prohibited from enacting or enforcing legislation governing matters preempted by state or federal law -- Exception for civil rights
• § 286.2-020 — Required disclosure of services provided by Kentucky Homeownership Protection Center
• § 286.2-040 — Examination of service provider by commissioner or other state or federal regulatory agency -- Confidentiality and evidentiary value of report -- Examination fees -- Cooperative agreements
• § 286.2-105 — Examination of contents of a decedent's safe deposit box to find will or funeral arrangements -- Definitions for section
• § 286.2-670 — Foreign financial institutions, activities deemed not transacting business in Kentucky
• § 286.2-990 — Civil penalty for violation of subtitle
• § 286.3-010 — Definitions for subtitle
• § 286.3-020 — Approval of application for charter -- Prerequisites to financial institution doing business under its charter -- Waiver in cases of merger or consolidation
• § 286.3-025 — Prohibitions against transacting banking or trust business in this state
• § 286.3-027 — Prohibition against use of certain banking-related words and characters or financial institution trademarks by unauthorized person -- Exceptions -- Enforcement and penalties
• § 286.3-040 — Who may organize -- Number of directors required
• § 286.3-050 — Organization to be approved by commissioner
• § 286.3-060 — Oath required of each director before transacting business and upon any election or reelection -- Oath to be filed with commissioner and subject to review -- Duty of officer or director
• § 286.3-070 — Minimum capital stock required -- Reduction in capital stock -- Preferred capital stock
• § 286.3-095 — Change in control or certain loans to be reported to commissioner -- Contents of report
• § 286.3-100 — Investment of bank funds -- Property that may be held -- Accounting standards
• § 286.3-101 — Authorization to engage in any banking activity allowed for national banks -- Administrative regulation or order
• § 286.3-102 — Activities permitted to state bank receiving CAMELS rating of 1 or 2 -- Section not applicable to deferred deposit transactions or title pledge lending
• § 286.3-103 — Investment in property
• § 286.3-105 — Bank may acquire and hold personal property at request of customer -- Property deemed collateral
• § 286.3-110 — Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations
• § 286.3-115 — Capital notes and debentures may be issued -- Conditions
• § 286.3-135 — Banker's bank authorized -- Limitations on holdings -- Issuance of charter
• § 286.3-140 — Amendment of articles and reorganization to engage in a trust business - - Consolidation -- Transfer of fiduciary account to affiliate
• § 286.3-145 — Trust company -- Scope of activities -- Acquisition of office within or outside of this state by trust company -- Rights, privileges, obligations, and liabilities of selling trust company
• § 286.3-146 — Out-of-state trust company doing business in Kentucky -- Scope of activities -- Fiduciary-related activities limited by reciprocity -- Evidence and notice to be provided to commissioner
• § 286.3-172 — Conditions of and procedure for conversion of national banking association to state bank or merger or consolidation with state bank
• § 286.3-173 — Conversion of state bank to or merger with national banking association
• § 286.3-180 — Banking business, where done -- Branch banks -- Application for change in principal office or branch location
• § 286.3-187 — Bank acting as agent of another financial institution -- Filing -- Commissioner's approval -- Scope of activities
• § 286.3-190 — Powers of banks
• § 286.3-193 — Hours and days of bank operation
• § 286.3-199 — Closing of banks -- Emergency
• § 286.3-210 — Powers of banks or trust companies
• § 286.3-212 — Deposit of securities with district federal reserve bank by bank acting as fiduciary or custodian for fiduciary -- Accounting and crediting of deposits
• § 286.3-214 — Rate of interest allowed on loans of $15,000 or less -- Trust company not to extend credit -- Exception
• § 286.3-218 — Definitions for KRS 286.3-219 and 286.3-220
• § 286.3-219 — Continuation of trust by corporate trustee -- Limitations -- Application
• § 286.3-220 — Corporate fiduciaries subject to laws governing individuals -- Security on bonds -- Ability to serve as trustee of multiple trusts with common or nonidentical beneficiaries
• § 286.3-225 — Appointment of a nominee by banking institutions acting in a fiduciary capacity
• § 286.3-230 — Common trust funds -- Consent of cofiduciary
• § 286.3-235 — Common trust fund not separate entity for tax purposes -- Circumstances when no gain or loss to be recognized
• § 286.3-240 — Real estate mortgage investment fund -- Participation certificates
• § 286.3-250 — Operation of real estate mortgage investment fund
• § 286.3-260 — Liquidation of investment fund
• § 286.3-270 — Fiduciary may act in own name -- Records -- Investments not subject to debts of fiduciary
• § 286.3-272 — Investment of fiduciary assets in company or trust associated with investing institution -- Fee
• § 286.3-275 — Limits on liability of bank or trust company acting as fiduciary
• § 286.3-277 — Standards for bank or trust company acting as fiduciary
• § 286.3-280 — Maximum debt of persons to bank or trust company
• § 286.3-290 — Exceptions to maximum debt to banks
• § 286.3-300 — Required reserves
• § 286.3-310 — Bank may own stock in federal reserve bank or Federal Deposit Insurance Corporation
• § 286.3-320 — Federal Deposit Insurance Corporation to be subrogated to rights against closed banks
• § 286.3-330 — Assets may be pledged or surety bonds provided as collateral security -- Security not required if deposit insured
• § 286.3-350 — When dividends may be declared
• § 286.3-375 — Preservation of bank records
• § 286.3-380 — Deposits by minors
• § 286.3-450 — Examination -- Procedure -- Agreement to examine and supervise branches -- Joint examination and enforcement actions
• § 286.3-455 — Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company
• § 286.3-460 — Duties of examiners
• § 286.3-470 — Information obtained by examination to be confidential -- Exceptions -- Reports as evidence
• § 286.3-480 — Fees to be paid commissioner for services
• § 286.3-490 — Reports to be made to commissioner -- Contents -- Information from officer, director, or board to commissioner
• § 286.3-530 — Examination of institutions in hands of receiver -- Reports of receivers
• § 286.3-630 — Transfer of assets to another bank -- Procedure -- Publication of notice
• § 286.3-640 — Relief to aggrieved shareholders
• § 286.3-660 — Annual report of commissioner
• § 286.3-690 — Cease and desist orders -- Orders of suspension or removal from office -- Appeal -- Enforcement of orders
• § 286.3-695 — Approval of state-chartered bank officers or directors required in certain instances
• § 286.3-800 — Recognition of adverse claim to a deposit
• § 286.3-820 — Operation of loan production office by bank
• § 286.3-850 — Definitions for KRS 286.3-852 to 286.3-884
• § 286.3-852 — Applicability of KRS 286.3-850 to 286.3-884
• § 286.3-854 — Closing of bank by commissioner -- Written statement of grounds -- Appointment of receiver
• § 286.3-856 — Tender of appointment as receiver to FDIC
• § 286.3-858 — Vesting of assets in receiver
• § 286.3-860 — Notice of closing to be posted -- Effect
• § 286.3-862 — Powers and duties of receiver
• § 286.3-864 — "Preference" defined
• § 286.3-866 — Sale of assets by receiver -- Borrowing from FDIC by receiver
• § 286.3-868 — Claims procedure -- Publication -- Rejection of claim -- Petition to receivership court
• § 286.3-870 — Late claim's share in undistributed assets
• § 286.3-872 — Order of payment of claims
• § 286.3-874 — Rights of receiver under participation agreements
• § 286.3-876 — Receiver's election to reject a lease -- Effect
• § 286.3-878 — FDIC subrogated to rights of depositors
• § 286.3-880 — Receiver to appoint successor to bank's rights, assets, obligations
• § 286.3-882 — KRS 286.3-850 to 286.3-884 is exclusive procedure for appointment of receiver or liquidating agent
• § 286.3-884 — Destruction of closed bank's records
• § 286.3-900 — Definitions of terms used in this section and KRS 286.3-905 -- Acquisition of in-state banks -- Limitations -- In-county merger or consolidation
• § 286.3-905 — Filing of application to acquire bank with commissioner -- Examination of applicant -- Cooperative agreements by commissioner to examine out-of-state bank or exchange confidential information
• § 286.3-910 — Illegal acquisitions
• § 286.3-915 — Bank combinations -- Operation of a combined bank as a branch of the surviving bank -- Transfer of combined bank's main office and branches -- Definitions
• § 286.3-920 — Definitions for section -- Interstate merger transactions -- Restrictions -- Combinations of commonly controlled banks -- Scope of activities of branch outside home state
• § 286.3-990 — Penalties
• § 286.4-410 — Definitions -- Application of subtitle
• § 286.4-420 — License required for finance companies -- Evidence of existing licenses
• § 286.4-425 — Commissioner's coordination with State Regulatory Registry and other agencies
• § 286.4-430 — Form of application -- Contents
• § 286.4-440 — Application and license fees
• § 286.4-450 — Bonding requirements for applications submitted on or after January 1, 2020 -- Demonstration of financial condition -- Managing principal -- Background check -- Incomplete application -- Approval or rejection of application -- Time limit -- Appeal -- Hearing -- Eligibility if license denied
• § 286.4-460 — License -- Contents -- Transfer -- Place of business -- Change -- Name on license
• § 286.4-465 — Approval of change of control -- Application -- Fees -- Determination of whether proposed transaction constitutes change of control
• § 286.4-470 — Limitation on locations at which business may be conducted -- Construction of subtitle regarding types of loans
• § 286.4-480 — Duration of license -- Payment of annual fee -- Expiration -- Reinstatement
• § 286.4-490 — Reasons for adverse action or cease-and-desist order -- Locations at which adverse action applies -- Eligibility if license revoked -- Effect of adverse action -- Complaint -- Relief -- Civil penalty
• § 286.4-495 — Emergency orders -- Grounds -- Hearing -- Duration of emergency order
• § 286.4-500 — Notice of license denial -- Administrative complaint -- Hearings and final orders -- Findings -- Service by certified mail
• § 286.4-505 — Administrative hearing for person or licensee aggrieved by final decision of commissioner
• § 286.4-520 — Prohibited advertisements and statements
• § 286.4-530 — Basic, default, and deferment charges -- Refund upon prepayment -- Reduction when installments in default -- Charges computed on unpaid balance -- Principal may include balance on prior loan -- Loan entered into within 10 days of another loan -- Restrictions on interest and consideration
• § 286.4-533 — Authorized charges for extension of credit
• § 286.4-535 — Closing costs collectible when liens on real estate taken as security
• § 286.4-540 — Duties of licensee
• § 286.4-545 — Agent for service of process
• § 286.4-547 — Compliance with federal and state laws -- Regulatory penalties
• § 286.4-548 — Consumer loan company to comply with KRS 367.701 to 367.709
• § 286.4-550 — Time of installment payments
• § 286.4-560 — Insurance
• § 286.4-570 — Wage purchases -- Assignment of compensation
• § 286.4-580 — Prohibited conduct -- No contract or loan without scheduled repayment - - Lien on real estate as security
• § 286.4-590 — Licensee to make annual report
• § 286.4-600 — Licensee's records -- Retention -- Notice of cessation -- Custodian of records -- Request for destruction -- Withholding or altering records
• § 286.4-605 — Confidential and privileged documents -- Commissioner's powers -- Privilege or claim of confidentiality not waived
• § 286.4-610 — Commissioner's power to issue administrative regulations and examine licensees -- Investigations -- Enforcement of subpoena -- Powers of commissioner
• § 286.4-613 — Effect of conformity with notice, opinion, or interpretation of commissioner
• § 286.4-615 — Commonwealth or its employees not liable for failure to disclose financial condition of consumer loan company
• § 286.4-620 — Public policy relating to loans of $15,000 or less -- Loans outside state
• § 286.4-640 — Effect of future amendment of this subtitle
• § 286.4-990 — Civil penalties -- Actions by commissioner against violators -- Recovery of penalties and fees
• § 286.4-991 — Penalties
• § 286.5-661 — Foreign associations prohibited -- Exceptions
• § 286.6-005 — Definitions
• § 286.6-012 — Administrative hearing request
• § 286.6-015 — Organization procedure
• § 286.6-025 — Form of articles and bylaws
• § 286.6-035 — Amendment of articles of incorporation or bylaws
• § 286.6-045 — Use of name exclusive
• § 286.6-055 — Office facilities
• § 286.6-065 — Out-of-state credit unions
• § 286.6-070 — Supervision by commissioner
• § 286.6-075 — General powers of credit union
• § 286.6-085 — Incidental powers
• § 286.6-090 — Reports
• § 286.6-092 — Failure to make reports or pay charges -- Notice of charges -- Injunctions
• § 286.6-095 — Rules of commissioner
• § 286.6-100 — Supervision by commissioner -- Financial reports -- Examination -- Fees
• § 286.6-105 — Commonwealth or its employees not liable for failure to disclose financial condition of credit union
• § 286.6-107 — Membership defined
• § 286.6-115 — Tax exemption
• § 286.6-125 — Retention of membership
• § 286.6-135 — Liability of members
• § 286.6-145 — Annual meeting
• § 286.6-155 — Board of directors -- Supervisory committee -- Simultaneous appointments prohibited
• § 286.6-165 — Record of officials
• § 286.6-175 — Vacancies
• § 286.6-185 — Confidentiality
• § 286.6-195 — Pecuniary interest of officer
• § 286.6-205 — Officers of board
• § 286.6-215 — Authority of directors
• § 286.6-225 — Specific duties of board
• § 286.6-235 — Executive committee
• § 286.6-245 — Meetings of board or executive committee
• § 286.6-255 — Credit committee
• § 286.6-265 — Credit manager
• § 286.6-275 — Loan officers -- Appeal from disapproval of loan
• § 286.6-285 — Annual audit
• § 286.6-296 — Suspension and removal of officers -- Review of such actions -- Injunction
• § 286.6-305 — Special meetings of members
• § 286.6-315 — Capital of credit union
• § 286.6-320 — "Credit card guaranty" defined -- Requirement to insure validity
• § 286.6-325 — Dividends -- Approval of commissioner required prior to payment
• § 286.6-335 — Deposits
• § 286.6-345 — Special purpose accounts
• § 286.6-355 — Withdrawal of assets by member
• § 286.6-365 — Minors' accounts
• § 286.6-375 — Joint accounts
• § 286.6-385 — Trust accounts
• § 286.6-395 — Lien of credit union
• § 286.6-405 — Credit union insurance on shares and deposits
• § 286.6-415 — Reduction in shares
• § 286.6-425 — Purposes of loans -- Conditions of loans
• § 286.6-435 — Interest rate
• § 286.6-445 — Charges for failure to meet obligations
• § 286.6-450 — Expulsion and withdrawal of members
• § 286.6-455 — Application form
• § 286.6-465 — Maximum loan
• § 286.6-475 — Security
• § 286.6-485 — Installments
• § 286.6-495 — Line of credit
• § 286.6-505 — First mortgage loans
• § 286.6-515 — Other loan programs
• § 286.6-525 — Loans to credit union officials
• § 286.6-535 — Insurance for members
• § 286.6-545 — Insurance for credit union officials
• § 286.6-555 — Group purchasing
• § 286.6-565 — Money transfers for convenience of members
• § 286.6-575 — Trustee or custodian
• § 286.6-585 — Investments
• § 286.6-595 — Reserves
• § 286.6-605 — Use of regular reserve
• § 286.6-615 — Risk assets
• § 286.6-625 — Special reserves
• § 286.6-635 — Taxation of real and personal property
• § 286.6-645 — Expenses not payable out of general fund of Kentucky
• § 286.6-700 — Suspension of credit union operations
• § 286.6-705 — Voluntary liquidation -- Filing certificate of dissolution
• § 286.6-710 — Merger of credit union
• § 286.6-715 — Conversion of credit union
• § 286.6-990 — Penalties
• § 286.6-991 — Penalties
• § 286.8-010 — Definitions for subtitle
• § 286.8-012 — Administrative hearing request
• § 286.8-020 — Exemptions
• § 286.8-030 — Transaction of business prohibited without license -- Effect of issuance of license -- Unique identifier
• § 286.8-032 — Application for license
• § 286.8-034 — Issuance and renewal of license -- Fees
• § 286.8-036 — Rules concerning use of license -- Alternate work location
• § 286.8-044 — Notice of order in writing -- Administrative complaint -- Service -- Hearing
• § 286.8-046 — Civil penalty for violation of subtitle, administrative regulation, or order -- Order for restitution, refund, recovery of expenses
• § 286.8-048 — Emergency orders by commissioner -- Grounds -- Hearing -- Period order to remain in effect
• § 286.8-060 — Surety bonds required -- Uses of bonds -- New or supplemental bonds
• § 286.8-070 — Company name
• § 286.8-075 — Change of control
• § 286.8-080 — Factors for use by commissioner in determining approval or disapproval of application
• § 286.8-090 — Denial, suspension, or revocation of license -- Jurisdiction of Franklin Circuit Court
• § 286.8-100 — Branch offices
• § 286.8-110 — Rates -- Mortgage required as evidence of real estate loan -- Delinquency charges -- Attorneys' fees -- Charges made part of note -- Limits on prepayment penalties
• § 286.8-120 — Fees and charges in addition to interest -- Letters of commitment -- Failure to fulfill terms constitutes default
• § 286.8-125 — Limitation on total net income of loan originator -- Definitions for section
• § 286.8-130 — Escrow account -- Interest -- Accounting
• § 286.8-140 — Powers of commissioner
• § 286.8-150 — Records filed with commissioner open to public inspection -- Exception
• § 286.8-160 — Records to be kept by company -- Filing of financial report and correcting amendment -- Requirements if business discontinued -- Location of records -- Request for destruction of records
• § 286.8-170 — Places where records required to be kept -- Examination by commissioner -- Fee -- Access to records -- Reports
• § 286.8-175 — Confidentiality of examination reports and information -- Exceptions -- Prima facie evidence
• § 286.8-180 — Conduct of examination -- Cost of investigation or hearing
• § 286.8-190 — Grounds for investigation -- Action commissioner may take after investigation
• § 286.8-210 — Judicial review
• § 286.8-220 — Prohibited acts
• § 286.8-225 — Mortgage fraud prosecution fund -- Funding -- Expenditures
• § 286.8-227 — Collection of civil penalties to be deposited in mortgage fraud prosecution fund -- Distribution -- Administrative regulations
• § 286.8-240 — Short title
• § 286.8-250 — Mortgage loan brokers to maintain physical location
• § 286.8-256 — Certain mortgage loan processors not to claim ability to act as mortgage loan originators
• § 286.8-260 — Continuing professional education required for persons registered under subtitle -- Termination and surrender of registration for failure to comply
• § 286.8-270 — Duties of mortgage loan broker -- Advanced disclosure of fee required
• § 286.8-275 — Reporting of violations of subtitle -- Duties of commissioner -- No waiver of privilege or claim of confidentiality
• § 286.8-280 — Limitation of liability
• § 286.8-285 — Participation in Nationwide Multistate Licensing System and Registry -- Duties -- Reporting
• § 286.8-290 — Certain mortgage loan originators exempt from specified requirements of subtitle -- Commissioner's access to records
• § 286.8-295 — Mortgage loan company and mortgage loan broker to exercise control over operations, employees, and company affairs -- Requirements for alternate work location
• § 286.8-300 — Severability of subtitle's provisions
• § 286.8-990 — Kentucky Residential Mortgage Fraud Act -- Provisions -- Criminal proceedings -- Penalties
• § 286.9-010 — Definitions for subtitle
• § 286.9-020 — Requirement of license
• § 286.9-030 — Exemptions from applicability of this subtitle
• § 286.9-035 — Deferred deposit transaction agreement with unlicensed person void
• § 286.9-040 — Qualifications for license -- Liability of surety
• § 286.9-050 — Manner of application for license -- Form
• § 286.9-060 — Materials to accompany application -- Investigation fee
• § 286.9-070 — Investigation by department -- Issuance of license -- Posting of license -- License period -- Licensee's duty to notify department -- Transfer or assignment of license -- Abandonment
• § 286.9-071 — Ban on issuance of additional deferred deposit service business licenses
• § 286.9-072 — Compliance with federal and state law required
• § 286.9-073 — Agent for service of process required
• § 286.9-074 — Recordkeeping requirements of licensees
• § 286.9-075 — Complaints filed against licensees -- Investigative powers of commissioner
• § 286.9-080 — Licenses -- Renewal and reinstatement
• § 286.9-090 — Authority to promulgate administrative regulations -- Compliance examination and fee -- Examination, inspection, and confidentiality of records -- Powers of commissioner
• § 286.9-100 — Procedures to be followed by licensees
• § 286.9-102 — Requirements of disclosure by licensees -- Fees and service charges -- Acceptance, payment, and deposit of checks
• § 286.9-104 — Annual reports filed by licensees with commissioner
• § 286.9-105 — Filing reports of federal currency reporting, recordkeeping, and suspicious transaction reporting
• § 286.9-107 — Reports to and use of nationwide licensing system
• § 286.9-110 — Revocation or suspension of license -- Effect of denial, revocation, suspension, expiration, or surrender of license -- Circuit Court remedy
• § 286.9-120 — Administrative complaint -- Hearing for denial, suspension, or revocation of license
• § 286.9-125 — Emergency order suspending, conditioning, limiting, or restricting a license
• § 286.9-128 — Consent order for resolution of matters arising under subtitle
• § 286.9-130 — Stay, suspension, or postponement of order
• § 286.9-140 — Database of outstanding deferred deposit transactions -- Submitting and accessing data
• § 286.9-990 — Penalty for violation of this subtitle
• § 286.9-991 — Civil penalty for violation of subtitle
• § 286.11-001 — Short title
• § 286.11-003 — Definitions for subtitle
• § 286.11-005 — License required for persons engaging in money transmission -- Prohibition against transfer or assignment of license
• § 286.11-007 — Exemptions
• § 286.11-009 — Contents of application -- Additional information to be provided by corporate applicants -- Power of commissioner to waive requirements
• § 286.11-011 — Minimum net worth of licensee
• § 286.11-013 — Bond or other security devices
• § 286.11-015 — Permissible investments -- Power of commissioner to define permissible investments -- All permissible investments deemed to be held in trust for benefit of purchasers and holders
• § 286.11-017 — Application fee and license fee
• § 286.11-019 — Powers of commissioner to approve, deny, or refuse to issue or renew licenses -- Procedure for hearing and appeal upon denial of license -- Reapplication after denial
• § 286.11-021 — Renewal of license and annual report -- Expiration and reinstatement of license
• § 286.11-023 — Extraordinary reporting requirements
• § 286.11-025 — Changes in control of a licensee
• § 286.11-027 — Examinations and investigations
• § 286.11-029 — Maintenance of records
• § 286.11-031 — Filing and maintenance of reports required by federal and state law governing money laundering
• § 286.11-033 — Confidentiality of data submitted to commissioner
• § 286.11-035 — Authorized agent contracts
• § 286.11-037 — Authorized agent conduct -- Commingled proceeds deemed trust funds -- Agent's duty to report to licensee
• § 286.11-039 — Suspension or revocation of license -- Procedure for hearing and appeal upon suspension or revocation -- Limitations upon reissue of license -- Factors to be considered by commissioner
• § 286.11-041 — Suspension or revocation of designation of an agent -- Factors to be considered by commissioner -- Procedure for hearing and appeal upon revocation of designation -- Limitations upon future designation of agent after revocation
• § 286.11-043 — Power of commissioner to issue cease and desist orders -- Petition for temporary or permanent injunction
• § 286.11-045 — Emergency order governing suspension, limitation, or restriction of license or designation of agent -- Appeal from emergency order
• § 286.11-047 — Civil penalties
• § 286.11-049 — Consent orders
• § 286.11-051 — Commissioner's power to stay orders pending exhaustion of administrative remedies
• § 286.11-053 — Right of aggrieved person to apply for administrative hearing -- Appeal from final order to Franklin Circuit Court
• § 286.11-055 — Right of aggrieved person to file written complaint with commissioner - - Commissioner's power to investigate and resolve complaints -- Suspension of license for noncompliance with subpoena -- Petition to court for enforcement
• § 286.11-057 — Penalties
• § 286.11-059 — Administrative proceedings to be conducted under KRS Chapter 13B
• § 286.11-061 — Powers and duties of department and commissioner relating to the regulation, supervision, and licensing of money transmitters
• § 286.11-063 — Licensees and agents to comply with all applicable federal and state laws
• § 286.11-065 — Licenses issued under provisions of former KRS Chapter 366 to remain in force
• § 286.11-067 — General Assembly intends to ensure safe and sound operation of money transmission in the Commonwealth
• § 286.12-005 — Legislative findings and declarations
• § 286.12-010 — Definitions for subtitle
• § 286.12-020 — License as student education loan servicer -- Exemptions -- Persons servicing federal loans
• § 286.12-030 — Application for license -- Requirements -- Denial -- Abandoned application -- License not transferable
• § 286.12-040 — Proposed change of control of licensee -- Information to be submitted -- Commissioner's determination and approval
• § 286.12-050 — Records of student education loan servicer
• § 286.12-060 — Reports
• § 286.12-070 — Assessment fee -- Renewal report
• § 286.12-080 — Prohibited practices
• § 286.12-085 — Compliance with federal and state laws
• § 286.12-090 — Cooperation with commissioner by State Regulatory Registry and other agencies
• § 286.12-100 — Examinations and investigations by commissioner -- Confidentiality of information -- Prima facie evidence -- Enforcement of subpoena -- Use of specialists -- Examination of affiliates
• § 286.12-110 — Order to condition, deny, suspend, or revoke license
• § 286.12-120 — Emergency orders
• § 286.12-130 — Administrative complaint
• § 286.12-135 — Judicial review of order -- Additional evidence -- Appeal
• § 286.12-140 — Civil penalties and other remedies
• § 286.12-150 — Federal laws and regulations
• § 286.12-155 — Civil right of action
• § 286.13-010 — Definitions for subtitle
• § 286.13-015 — Application of subtitle
• § 286.13-020 — Powers and duties of commissioner -- Administrative regulations -- Reports -- Aid of courts -- Construction of subtitle
• § 286.13-025 — Engaging in virtual currency kiosk business -- License
• § 286.13-030 — Regulatory registry -- Submission of filings -- Requests for reports and protocols -- Relationships with affiliated entities -- Agent for distributing information
• § 286.13-035 — Application -- Review and investigation -- Unconditional license -- Conditional license -- Notice of intent
• § 286.13-040 — Information to be provided with application
• § 286.13-045 — Applications for approval of locations and agents -- Duties of commissioner
• § 286.13-050 — Bond -- Evidence of net worth -- Administrative regulation
• § 286.13-055 — Requirements for applicants and licensees -- Reports
• § 286.13-060 — Renewal fee -- Reinstatement of expired license -- Annual renewal report
• § 286.13-065 — Change of control -- Notice -- Approval of commissioner -- Application by person seeking to acquire control -- Notice of termination or resignation of responsible individual or agent -- Application to add or replace responsible individual or agent
• § 286.13-070 — Administrative regulations -- Determination of nonrefundable fees
• § 286.13-075 — Agents -- Written contract -- Duties of agents -- Funds constitute trust funds of operator -- Report of loss of funds
• § 286.13-080 — Books, accounts, and records
• § 286.13-085 — Permissible investments
• § 286.13-090 — Transaction limits -- Delay for new users -- Charges -- Customer service -- Notices at kiosk -- Disclosures -- Receipts -- Administrative regulation
• § 286.13-095 — Prevention of fraud and money laundering -- Use of blockchain analytics -- Verifying identity of user -- Refunds -- Communications line -- Cooperation with investigations -- Chief compliance officer
• § 286.13-100 — Violations of subtitle
• § 286.13-105 — Compliance with federal and state laws
• § 286.13-110 — Written complaint -- Investigation -- Routine examination -- Powers of commissioner -- Licensee deemed to consent to investigation -- Examination-related information
• § 286.13-115 — Confidentiality of information provided to commissioner -- When commissioner may disclose and share information -- Disclosure does not constitute waiver
• § 286.13-120 — Annual report published on department website
• § 286.13-125 — Written notice or administrative complaint before commissioner takes restrictive action -- Hearing -- Service of notice -- Consent order
• § 286.13-130 — Adverse action against regulated person, applicant, or licensee -- Notice of intent -- Conditions imposed on license or approval -- Administrative complaint -- Ineligibility if license or approval denied or revoked
• § 286.13-135 — Emergency order
• § 286.13-140 — Cease and desist order
• § 286.13-145 — Commissioner may issue order and levy civil penalty
• § 286.13-150 — Penalties