Kentucky Statutes 286.12-060 – Reports
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(1) Each licensee shall annually file a report with the commissioner, providing information as the commissioner may require concerning the licensee’s business operations during the preceding calendar year.
(2) The commissioner may require additional regular or special reports from a student education loan servicer as the commissioner may deem necessary for the proper supervision of regulated persons under this subtitle.
(3) Any report submitted under subsection (1) or (2) of this section shall be: (a) In a form prescribed by the commissioner; and
(b) Subscribed to and affirmed as true by the licensee or servicer under the penalties of perjury.
Effective: July 14, 2022
History: Created 2022 Ky. Acts ch. 88, sec. 7, effective July 14, 2022.
(2) The commissioner may require additional regular or special reports from a student education loan servicer as the commissioner may deem necessary for the proper supervision of regulated persons under this subtitle.
Terms Used In Kentucky Statutes 286.12-060
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Licensee: means a person licensed as a student education loan servicer under this subtitle. See Kentucky Statutes 286.12-010
- Student education loan: means any loan to a borrower to finance postsecondary education or expenses related to postsecondary education. See Kentucky Statutes 286.12-010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Any report submitted under subsection (1) or (2) of this section shall be: (a) In a form prescribed by the commissioner; and
(b) Subscribed to and affirmed as true by the licensee or servicer under the penalties of perjury.
Effective: July 14, 2022
History: Created 2022 Ky. Acts ch. 88, sec. 7, effective July 14, 2022.