Kentucky Revised Statutes · § 393A.750 — Waiver of interest and penalty

The administrator:

(1) May waive, in whole or in part, interest under KRS 393A.730(1) and penalties under KRS 393A.730(2) or 393A.740; and

(2) Shall waive a penalty under KRS 393A.730(2) if the administrator determines that the holder acted in good faith and without negligence.