010. Repealed, 1960. [Repealed]

020. Repealed, 1960. [Repealed]

030. Repealed, 1960. [Repealed]

040. Repealed, 1950. [Repealed]

050. Repealed, 1946. [Repealed]

060. Repealed, 1950. [Repealed]

070. Repealed, 1960. [Repealed]

080. Repealed, 1944. [Repealed]

100. Renumbered as KRS 286.2-100. [Renumbered]

105. Renumbered as KRS 286.2-105. [Renumbered]

Subtitle 1. Office of Financial Institutions

1-011. Department of Financial Institutions -- Functions -- Divisions within department -- Medium for filing applications and other documents.

1-012. Appointment of commissioner -- Qualifications.

1-013. Financial Institutions Board -- Duties.

1-020. Duties of commissioner -- Seal -- Administrative regulations.

1-025. Deputy commissioner -- Appointment -- Service as commissioner.

1-440. Appointment of examiners -- Oath -- Restrictions on debt and stock ownership -- Contracts for services of agency's examiners.

1-485. Disposition of fees collected under various KRS provisions.

Subtitle 2. Financial Institutions Generally

2-015. Political subdivisions prohibited from enacting or enforcing legislation governing matters preempted by state or federal law -- Exception for civil rights -- State law to be construed as consistent with federal law.

2-020. Required disclosure of services provided by Kentucky Homeownership Protection Center.

2-030. Prohibition against improperly influencing a mortgage loan real estate appraisal.

2-100. Definitions for KRS 286.2-100 to 286.2-680.

2-105. Examination of contents of a decedent's safe deposit box to find will or funeral arrangements.

2-670. Foreign financial institutions, activities deemed not transacting business in Kentucky.

2-680. Foreign financial institutions, when not required to qualify as doing business -- Nexus requirement.

2-685. Prohibition against use of certain banking-related words and characters or financial institution trademarks by unauthorized person -- Exceptions -- Enforcement and penalties.

2-990. Civil penalty for violation of subtitle.

Subtitle 3. Banks and Trust Companies

3-010. Definitions for subtitle.

3-020. Approval of application for charter -- Prerequisites to financial institution doing business under its charter.

3-025. Prohibition against transacting business before issuance of charter.

3-030. Limitation on right to engage in business -- Authorization for Kentucky chartered banks and subsidiaries to sell insurance -- Names to be used by branch offices.

3-040. Who may organize -- Number of directors required.

3-050. Organization to be approved by commissioner.

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.

3-065. Duties of directors.

3-070. Minimum capital stock required.

3-080. Minimum capital and surplus required to begin business.

3-090. Reduction of capital stock of bank or trust company to be approved by commissioner -- $2,500,000 in capital stock to be maintained.

3-095. Change in control or certain loans to be reported to commissioner -- Contents of report.

3-100. Investment of bank funds -- Property that may be held.

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.

3-103. Investment in property.

3-105. Bank may acquire and hold personal property at request of customer -- Property deemed collateral.

3-110. Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations.

3-115. Capital notes and debentures may be issued -- Conditions.

3-135. Banker's bank authorized -- Limitations on holdings -- Issuance of charter.

3-140. Amendment of articles and reorganization to engage in a trust business -- Consolidation -- Transfer of fiduciary account to affiliate.

3-145. Kentucky state trust company -- Scope of activities -- Acquisition of office within or outside of this state by Kentucky state trust company -- Rights, privileges, obligations, and liabilities of selling trust company.

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.

3-150. Consolidation of trust companies -- Method and effect.

3-160. State bank may reorganize as national bank.

3-170. National bank may reorganize as state bank.

3-172. Conditions of and procedure for conversion of national banking association to state bank or merger with state bank.

3-173. Conversion of state bank to or merger with national banking association.

3-174. Provisions of KRS 286.3-172 and 286.3-173 to constitute alternative method -- Legislative purpose declared.

3-180. Banking business, where done -- Branch banks.

3-183. Transfer of branches between commonly controlled banks.

3-185. Change of location -- Approval by commissioner.

3-187. Bank acting as agent of another financial institution -- Filing -- Commissioner's approval -- Scope of activities.

3-190. Powers of banks.

3-193. Bank holidays.

3-199. Closing of banks -- Emergency.

3-200. Certain banks may continue to act as fiduciaries.

3-210. Powers of banks or trust companies.

3-212. Deposit of securities with district federal reserve bank by bank acting as fiduciary or custodian for fiduciary -- Accounting and crediting of deposits.

3-214. Rate of interest allowed on loans of $15,000 or less -- Trust company not to extend credit -- Exception.

3-215. Authority to charge interest in advance -- Installment loans with interest in advance -- Exceptions -- Restrictions on installment loans.

3-218. Definitions for KRS 286.3-219 and 286.3-220.

3-219. Continuation of trust by corporate trustee -- Limitations -- Application.

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.

3-225. Appointment of a nominee by banking institutions acting in a fiduciary capacity.

3-230. Common trust funds -- Consent of cofiduciary.

3-235. Common trust fund not separate entity for tax purposes -- Circumstances when no gain or loss to be recognized.

3-240. Real estate mortgage investment fund -- Participation certificates.

3-250. Operation of real estate mortgage investment fund.

3-260. Liquidation of investment fund.

3-270. Fiduciary may act in own name -- Records -- Investments not subject to debts of fiduciary.

3-272. Investment of fiduciary assets in company or trust associated with investing institution -- Fee.

3-275. Limits on liability of bank or trust company acting as fiduciary.

3-277. Standards for bank or trust company acting as fiduciary.

3-280. Maximum debt of persons to bank or trust company.

3-290. Exceptions to maximum debt to banks.

3-300. Required reserves.

3-310. Bank may own stock in federal reserve bank or Federal Deposit Insurance Corporation.

3-320. Federal Deposit Insurance Corporation to be subrogated to rights against closed banks.

3-330. Assets may be pledged or surety bonds provided as collateral security -- Security not required if deposit insured.

3-340. Preferred stock.

3-350. When dividends may be declared.

3-375. Preservation of bank records.

3-380. Deposits by minors.

3-385. Educational loans to minors -- Validity.

3-420. Repealed, 2010. [Repealed]

3-450. Examination -- Procedure -- Agreement to examine and supervise branches -- Joint examination and enforcement actions.

3-455. Commonwealth or its employees not liable for failure to disclose financial condition of bank or trust company.

3-460. Duties of examiners.

3-470. Information obtained by examination to be confidential -- Exceptions -- Reports as evidence.

3-480. Fees to be paid commissioner for services.

3-490. Reports to be made to commissioner -- Contents -- Information from officer, director, or board to commissioner.

3-530. Examination of institutions in hands of receiver -- Reports of receivers.

3-630. Transfer of assets to another bank -- Procedure -- Publication of notice.

3-640. Relief to aggrieved shareholders.

3-660. Annual report of commissioner.

3-690. Cease and desist orders -- Orders of suspension or removal from office -- Appeal -- Enforcement of orders.

3-695. Approval of state-chartered bank officers or directors required in certain instances.

Revolving Credit Plans

3-710. Definitions for KRS 286.3-720 to 286.3-770.

3-720. Form and provisions of credit plan -- Disclosures.

3-730. Billing cycle -- Payment of balance -- Payment of credit card charges.

3-740. Finance charges -- Rate.

3-750. Additional fees, charges and costs.

3-760. Limitation on amount charged.

3-765. "Credit card guaranty" defined -- Requirement to insure validity.

3-770. Credit plans not invalidated.

Adverse Claim to Deposit

3-800. Recognition of adverse claim to a deposit.

Loan Production Offices

3-820. Operation of loan production office by bank.

Receivers for Insolvent Banks

3-850. Definitions.

3-852. Applicability of KRS 286.3-850 to 286.3-884.

3-854. Closing of bank by commissioner -- Written statement of grounds -- Appointment of receiver.

3-856. Tender of appointment as receiver to FDIC.

3-858. Vesting of assets in receiver.

3-860. Notice of closing to be posted -- Effect.

3-862. Powers and duties of receiver.

3-864. "Preference" defined.

3-866. Sale of assets by receiver -- Borrowing from FDIC by receiver.

3-868. Claims procedure -- Publication -- Rejection of claim -- Petition to receivership court.

3-870. Late claim's share in undistributed assets.

3-872. Order of payment of claims.

3-874. Rights of receiver under participation agreements.

3-876. Receiver's election to reject a lease -- Effect.

3-878. FDIC subrogated to rights of depositors.

3-880. Receiver to appoint successor to bank's rights, assets, obligations.

3-882. KRS 286.3-850 to 286.3-884 is exclusive procedure for appointment of receiver or liquidating agent.

3-884. Destruction of closed bank's records.

Acquisition of Banks

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.

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.

3-910. Illegal acquisitions.

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.

3-920. Interstate merger transactions -- Restrictions -- Combinations of commonly controlled banks -- Scope of activities of branch outside home state.

Penalties

3-990. Penalties.

Subtitle 4. Consumer Loan Companies

4-410. Definitions -- Application of subtitle.

4-420. License required for finance companies -- Evidence of existing licenses.

4-430. Form of application -- Contents.

4-440. Application and license fees.

4-450. Approval or rejection of application -- Time limit -- Appeal -- Hearing.

4-460. License -- Contents -- Required display -- Change in place of business.

4-470. Limitation on locations at which business may be conducted -- Construction of subtitle regarding types of loans.

4-480. Duration of license -- Payment of annual fee.

4-490. Revocation, suspension, surrender, and reinstatement of licenses -- Hearing.

4-500. Written order of denial or revocation -- Right of appeal.

4-520. Prohibited advertisements and statements.

4-530. Basic, default and deferment charges -- Prohibition against division of loan and excessive charges.

4-533. Authorized charges for extension of credit.

4-535. Closing costs collectible when liens on real estate taken as security.

4-540. Duties of licensee.

4-550. Time of installment payments.

4-560. Insurance.

4-570. Wage purchases -- Assignment of compensation.

4-580. Prohibited conduct.

4-590. Licensee to make annual report.

4-600. Licensee's records.

4-610. Commissioner's power to issue regulations and examine licensees.

4-613. Effect of conformity with notice, opinion, or interpretation of commissioner.

4-615. Commonwealth or its employees not liable for failure to disclose financial condition of consumer loan company.

4-620. Public policy relating to loans of $15,000 or less -- Loans outside state.

4-630. Review of commissioner's rulings.

4-640. Effect of future amendment of this subtitle.

4-991. Penalties.

Subtitle 5. Savings and Loan Associations

5-005. Title of law.

5-011. Definitions.

5-021. Who may incorporate -- Procedure.

5-022. Former corporations deemed incorporated under this law -- Effect on rights -- Severability.

5-024. Proof by existing association of federal insurance or private insurance meeting minimum standard -- Effect of noncompliance.

5-025. Insurance requirement for certificate of incorporation.

5-031. Commissioner to investigate -- Objections -- Approval -- Certificate issued -- Filing.

5-041. Name of association -- Use of terms in name prohibited -- Injunction.

5-051. Office -- Located where -- Change of name or location.

5-061. Branch offices -- Limits on establishment.

5-071. Corporate existence begins -- When.

5-081. General powers of association.

5-091. Books and records of association -- Reproductions.

5-101. Right to manage property to avoid loss.

5-111. Associations exempt from security sale regulations.

5-121. Publication of financial statement.

5-131. Annual report of association.

5-141. Bond of incorporators -- Conditions.

5-151. Minimum number of shares of capital stock -- Issuance.

5-161. Expense fund created -- Amount -- Repayment.

5-171. Reserve fund -- Creation -- Charges -- Credits.

5-181. Organization meeting held when.

5-191. Forfeiture of charter on failure to commence business.

5-201. Annual meetings -- Who may vote -- Quorum.

5-211. Board of directors -- Qualifications -- Election -- Vacancies, filled, how.

5-221. Bond of officers or employees handling money.

5-225. Loan to director, officer, employee, or attorney prohibited -- Exceptions.

5-231. Liability of officer or agent for fraud or neglect.

5-241. Association interest does not disqualify officer taking acknowledgment.

5-251. Acceptance of gratuity for action, a misdemeanor.

5-261. Liability of association to members -- Members not liable for losses.

5-271. Inspection of books -- Records confidential -- Exception.

5-281. Membership, withdrawal, fees -- Fines.

5-291. Savings accounts, how held -- Transfers.

5-301. Issue of stock on installment basis -- Issuance for loan purposes -- Maximum holding.

5-311. Lost or destroyed books, duplicates.

5-321. Redemption of savings accounts -- Limitation on claims.

5-331. Withdrawal of shares -- Payment for, when made -- Withdrawals by borrowing members.

5-341. Enforced withdrawal.

5-351. Matured shares.

5-361. Payment of withdrawals and accounts.

5-371. Dividends paid, when.

5-381. Savings accounts of minors.

5-391. Joint savings accounts.

5-401. Accounts of fiduciaries -- Voting powers -- Payments to beneficiaries.

5-411. Payments of account, foreign fiduciary.

5-421. Recognition of attorney-in-fact.

5-431. Investments by fiduciaries, charitable and financial institutions authorized.

5-435. Association as trustee -- Compensation -- Records.

5-441. Real estate loans, requirements -- Purposes for which made -- Additional payments.

5-451. Loans on direct reduction plan -- Pledge of stock on loan -- Interest rate -- Property improvement loans -- Participation with other lenders -- Condition for making uninsured loans.

5-461. Compliance with federal law or regulations required for property improvement loans or mobile home loans.

5-471. Loans under Servicemen's Readjustment Act.

5-481. Repayment of loans -- Credit value of borrower's shares -- Retention of shares.

5-491. Default in payment of dues -- Fine -- Forfeiture of shares -- Payments in advance.

5-501. Payment of expenses of loan -- Payments in lieu.

5-511. Priority of members for loans -- Investments -- Compensation for loans prohibited -- Loan statement.

5-521. Limits on power to borrow money.

5-531. Acquisition and ownership of real estate.

5-541. Acting as fiscal agent of U. S.

5-551. Consolidation of associations.

5-561. Federal savings and loan association, consolidation with or conversion into.

5-571. Resolution of consolidation or conversion to be filed with commissioner.

5-581. Consolidation or merger with federal association procedure -- Continuation with state association.

5-591. Transfer of property to federal association -- Rights of creditors.

5-601. Federal charter to be recorded -- Evidence.

5-611. Conversion of federal association to state association -- Procedure.

5-621. Reorganization or voluntary liquidation.

5-631. Meeting of members -- How called -- Notice.

5-641. Exhibit of affairs to be printed and filed.

5-651. Voting -- Adoption of resolution to reorganize or liquidate.

5-661. Foreign associations prohibited -- Exceptions.

5-680. Status of federal savings and loan associations -- Powers.

5-690. Commissioner and examiners to have no interest in association.

5-700. Powers of commissioner -- Form of orders.

5-702. Commissioner's power to make administrative regulations and orders.

5-705. Commissioner may authorize state associations to be competitive with federal associations.

5-710. Examination of associations -- Report -- Information confidential.

5-720. Federal examinations may be accepted -- Extra examination -- Powers of examiners.

5-730. Filing fee for reports -- Examination fees.

5-740. Violations of law or regulation -- Ordered discontinued -- Enforcement.

5-750. Conservator appointed -- When -- Procedure.

5-760. Receiver appointed when -- Federal agency as receiver -- Procedure.

5-770. No receiver or conservator for solvent association.

5-780. Declaratory judgment action as to rights.

5-790. Annual report of commissioner.

5-800. Advertising as insured institution restricted -- Penalty -- Injunction.

5-805. Passbook notice required of federally uninsured association.

5-810. Injurious statements about associations -- Penalty.

5-850. "Credit card guaranty" defined -- Requirement to insure validity.

Acquisition of Savings and Loan Associations

5-900. Definitions.

5-905. Acquisition of one or more associations wherever located -- Limitations -- Acquisition by out-of-state associations -- Merger or consolidation.

5-910. Filing of application to acquire association or holding company -- Examination of applicant -- Cooperative agreements for examination of out-of-state associations or exchange of confidential information.

Penalties

5-991. Penalties.

Subtitle 6. Credit Unions

6-005. Definitions.

6-012. Administrative hearing request.

6-015. Organization procedure.

6-025. Form of articles and bylaws.

6-035. Amendment of articles of incorporation or bylaws.

6-045. Use of name exclusive.

6-055. Office facilities.

6-065. Out-of-state credit unions.

6-070. Supervision by commissioner.

6-075. General powers of credit union.

6-085. Incidental powers.

6-090. Reports.

6-092. Failure to make reports or pay charges -- Notice of charges -- Injunctions.

6-095. Rules of commissioner.

6-100. Supervision by commissioner -- Financial reports -- Examination -- Fees.

6-105. Commonwealth or its employees not liable for failure to disclose financial condition of credit union.

6-107. Membership defined.

6-115. Tax exemption.

6-125. Retention of membership.

6-135. Liability of members.

6-145. Annual meeting.

6-155. Board of directors -- Supervisory committee -- Simultaneous appointments prohibited.

6-165. Record of officials.

6-175. Vacancies.

6-185. Confidentiality.

6-195. Pecuniary interest of officer.

6-205. Officers of board.

6-215. Authority of directors.

6-225. Specific duties of board.

6-235. Executive committee.

6-245. Meetings of board or executive committee.

6-255. Credit committee.

6-265. Credit manager.

6-275. Loan officers -- Appeal from disapproval of loan.

6-285. Annual audit.

6-296. Suspension and removal of officers -- Review of such actions -- Injunction.

6-305. Special meetings of members.

6-315. Capital of credit union.

6-320. "Credit card guaranty" defined -- Requirement to insure validity.

6-325. Dividends -- Approval of commissioner required prior to payment.

6-335. Deposits.

6-345. Special purpose accounts.

6-355. Withdrawal of assets by member.

6-365. Minors' accounts.

6-375. Joint accounts.

6-385. Trust accounts.

6-395. Lien of credit union.

6-405. Credit union insurance on shares and deposits.

6-415. Reduction in shares.

6-425. Purposes of loans -- Conditions of loans.

6-435. Interest rate.

6-445. Charges for failure to meet obligations.

6-450. Expulsion and withdrawal of members.

6-455. Application form.

6-465. Maximum loan.

6-475. Security.

6-485. Installments.

6-495. Line of credit.

6-505. First mortgage loans.

6-515. Other loan programs.

6-525. Loans to credit union officials.

6-535. Insurance for members.

6-545. Insurance for credit union officials.

6-555. Group purchasing.

6-565. Money transfers for convenience of members.

6-575. Trustee or custodian.

6-585. Investments.

6-595. Reserves.

6-605. Use of regular reserve.

6-615. Risk assets.

6-625. Special reserves.

6-635. Taxation of real and personal property.

6-645. Expenses not payable out of general fund of Kentucky.

Change in Corporate Status

6-700. Suspension of credit union operations.

6-705. Voluntary liquidation -- Filing certificate of dissolution.

6-710. Merger of credit union.

6-715. Conversion of credit union.

Penalties

6-990. Penalties.

6-991. Penalties.

Subtitle 7. Industrial Loan Corporations

7-410. Definitions for KRS 286.7-410 to 286.7-600.

7-420. Organization of industrial loan corporation -- Name.

7-430. Capital stock requirements -- Statement of assets and liabilities -- Fees.

7-440. Investigation of applicant -- Approval of articles of incorporation and application.

7-450. Certificate of approval -- Denial -- Hearing -- Appeal.

7-460. Powers of industrial loan company.

7-480. Additional charges prohibited -- Allowed collateral.

7-490. Operation of insurance agency in same office.

7-500. Delinquency charges.

7-510. Restrictions on security -- Contents of notes -- Advertising.

7-520. Certain requirements not applicable -- Certificates of investment -- Designation of depository banks -- Petty loan associations prohibited.

7-530. Authority of department -- Regulations.

7-535. Commonwealth or its employees not liable for failure to disclose financial condition of industrial loan company.

7-540. When certificate required.

7-550. Revocation or suspension of certificate -- Hearing -- Reinstatement -- Surrender -- Appeal.

7-580. Certification of foreign corporations.

7-590. Denial of privilege to advertise certification.

7-600. Certification of corporations qualifying on June 14, 1962.

Penalties

7-990. Penalties.

Subtitle 8. Mortgage Loan Companies and Brokers

8-010. Definitions.

8-012. Administrative hearing request.

8-020. Exemptions.

8-030. Transaction of business prohibited without license -- Effect of issuance of license -- Unique identifier.

8-032. Application for license.

8-034. Fees.

8-036. Rules concerning use of license.

8-038. Repealed, 2009. [Repealed]

8-040. Repealed, 2009. [Repealed]

8-042. Repealed, 2009. [Repealed]

8-044. Notice of order in writing -- Administrative complaint -- Service -- Hearing.

8-046. Civil penalty for violation of subtitle, administrative regulation, or order -- Order for restitution, refund, recovery of expenses.

8-048. Emergency orders by commissioner -- Grounds -- Hearing -- Period order to remain in effect.

8-060. Surety bonds required -- Uses of bonds -- New or supplemental bonds.

8-070. Company name.

8-075. Change of control.

8-080. Factors for use by commissioner in determining approval or disapproval of application.

8-090. Denial, suspension, or revocation of license -- Jurisdiction of Franklin Circuit Court.

8-100. Branch offices.

8-110. Rates -- Mortgage required as evidence of real estate loan -- Delinquency charges -- Attorneys' fees -- Charges made part of note -- Limits on prepayment penalties.

8-120. Fees and charges in addition to interest -- Letters of commitment -- Failure to fulfill terms constitutes default.

8-125. Limitation on loan originator's fee.

8-130. Escrow account -- Interest -- Accounting.

8-140. Powers of commissioner.

8-150. Records filed with commissioner open to public inspection -- Exception.

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.

8-170. Places where records required to be kept -- Examination by commissioner -- Fee -- Access to records -- Reports.

8-175. Confidentiality of examination reports and information -- Exceptions -- Prima facie evidence.

8-180. Conduct of examination -- Cost of investigation or hearing.

8-190. Grounds for investigation -- Action commissioner may take after investigation.

8-200. Repealed, 2009. [Repealed]

8-210. Judicial review.

8-220. Prohibited acts.

8-225. Mortgage fraud prosecution fund -- Funding -- Expenditures.

8-227. Collection of civil penalties to be deposited in mortgage fraud prosecution fund -- Distribution -- Administrative regulations.

8-230. Repealed, 2009. [Repealed]

8-240. Short title.

8-250. Mortgage loan brokers to maintain physical location -- Display of license certificate.

8-255. Registration with department required for mortgage loan originator or mortgage loan processor -- Renewals-- Continuing education requirement -- Background checks -- Originators and processors subject to other laws -- Minimum requirements -- Limitation of loan origination services.

8-260. Continuing professional education required for persons registered under subtitle -- Termination and surrender of certificate of registration for failure to comply.

8-270. Duties of mortgage loan broker -- Advanced disclosure of fee required.

8-275. Reporting of violations of subtitle -- Duties of commissioner -- No waiver of privilege or claim of confidentiality.

8-280. Limitation of liability.

8-285. Participation in National Mortgage Licensing System and Registry -- Duties -- Reporting.

8-290. Mortgage loan originators -- Applicability of and exclusion from requirements of subtitle.

8-295. Mortgage loan company and mortgage loan broker to exercise control over operations, employees, and company affairs.

8-300. Severability of subtitle's provisions.

8-990. Kentucky Residential Mortgage Fraud Act -- Provisions -- Criminal proceedings -- Penalties.

Subtitle 9. Deferred Deposit Service Business and Check Cashing

9-010. Definitions for subtitle.

9-020. Requirement of license.

9-030. Exemptions from applicability of this subtitle.

9-035. Deferred deposit transaction agreement with unlicensed person void.

9-040. Qualifications for license -- Liability of surety.

9-050. Manner of application for license -- Form.

9-060. Materials to accompany application -- Investigation fee.

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.

9-071. Moratorium on deferred deposit service business licenses.

9-072. Compliance with federal and state law required.

9-073. Agent for service of process required.

9-074. Recordkeeping requirements of licensees.

9-075. Complaints filed against licensees -- Investigative powers of commissioner.

9-080. Licenses -- Renewal and reinstatement.

9-090. Authority to promulgate administrative regulations -- Compliance examination and fee -- Examination, inspection, and confidentiality of records -- Powers of commissioner.

9-100. Procedures to be followed by licensees.

9-102. Requirements of disclosure by licensees -- Fees and service charges -- Acceptance, payment, and deposit of checks.

9-104. Annual reports filed by licensees with commissioner.

9-105. Filing reports of federal currency reporting, recordkeeping, and suspicious transaction reporting.

9-110. Revocation or suspension of license -- Effect of denial, revocation, suspension, expiration, or surrender of license -- Circuit Court remedy.

9-120. Administrative complaint -- Hearing for denial, suspension, or revocation of license.

9-125. Emergency order suspending, conditioning, limiting, or restricting a license.

9-128. Consent order for resolution of matters arising under subtitle.

9-130. Stay, suspension, or postponement of order.

9-140. Database of outstanding deferred deposit transactions -- Submitting and accessing data.

9-990. Penalty for violation of this subtitle.

9-991. Civil penalty for violation of subtitle.

Subtitle 10. Title Pledge Lending

10-200. Definitions for KRS 286.10-200 to 286.10-285 and KRS 286.10-991.

10-205. Licensed title pledge lender -- Limitation of action on title pledge agreement.

10-210. Prohibition against engaging in business without license.

10-215. Qualifications for license.

10-220. Application for title pledge lending license.

10-225. Verification -- Granting of license -- Renewal.

10-230. Inspection by commissioner -- Presence of officer.

10-235. Nonliability of examiner to pledgor.

10-240. Confidentiality of examination -- Exceptions.

10-245. Fee for examination.

10-250. Record of agreement -- Contents -- Signature requirement -- Location of records.

10-255. Lender's security interest.

10-260. Applicability of KRS 286.4-530 -- Compliance with Federal Truth in Lending Act -- Rollover period -- Renewals of agreements.

10-265. Release of security interest and lien.

10-270. Expiration of title pledge agreement -- Taking possession of titled personal property upon default.

10-275. Repossession -- Sale of repossessed property.

10-280. Change in title of repossessed property.

10-285. Prohibited conduct by title pledge lenders.

10-991. Penalties for KRS 286.10-200 to 286.10-285 and KRS 286.10-991 -- Revocation or suspension of license of title pledge lender.

Subtitle 11. Money Transmitters

11-001. Short title.

11-003. Definitions for subtitle.

11-005. License required for persons engaging in money transmission -- Prohibition against transfer or assignment of license.

11-007. Exemptions.

11-009. Contents of application -- Additional information to be provided by corporate applicants -- Power of commissioner to waive requirements.

11-011. Minimum net worth of licensee.

11-013. Bond or other security devices.

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.

11-017. Application fee and license fee.

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.

11-021. Renewal of license and annual report -- Expiration and reinstatement of license.

11-023. Extraordinary reporting requirements.

11-025. Changes in control of a licensee.

11-027. Examinations and investigations.

11-029. Maintenance of records.

11-031. Filing and maintenance of reports required by federal and state law governing money laundering.

11-032. Definition -- Commissioner's power to order submission of required filings to the registry, its parent or affiliate, and other agencies or authorities -- Power to establish relationships or contracts with governmental agencies and the registry or its affiliates -- Report of violations, enforcement actions, and other relevant information -- Procedure for requesting information from and distributing information to the United States Department of Justice.

11-033. Confidentiality of data submitted to commissioner.

11-035. Authorized agent contracts.

11-037. Authorized agent conduct -- Commingled proceeds deemed trust funds -- Agent's duty to report to licensee.

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.

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.

11-043. Power of commissioner to issue cease and desist orders -- Petition for temporary or permanent injunction.

11-045. Emergency order governing suspension, limitation, or restriction of license or designation of agent -- Appeal from emergency order.

11-047. Civil penalties.

11-049. Consent orders.

11-051. Commissioner's power to stay orders pending exhaustion of administrative remedies.

11-053. Right of aggrieved person to apply for administrative hearing -- Appeal from final order to Franklin Circuit Court.

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.

11-057. Penalties.

11-059. Administrative proceedings to be conducted under KRS Chapter 13B.

11-061. Powers and duties of department and commissioner relating to the regulation, supervision, and licensing of money transmitters.

11-063. Licensees and agents to comply with all applicable federal and state laws.

11-065. Licenses issued under provisions of former KRS Chapter 366 to remain in force.

11-067. General Assembly intends to ensure safe and sound operation of money transmission in the Commonwealth.