The interest rates on loans shall be determined by the board of directors, not to exceed two percent (2%) per month on unpaid balances.
Source notes
Effective: July 13, 1984
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.
History and annotations
Created 1984 Ky. Acts ch. 408, sec. 44, effective July 13, 1984. Formerly codified as KRS 290.435.
