Kentucky Statutes 138.540 – Civil penalties for violation of KRS 138.510 to 138.530
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Any person who violates any provision of KRS § 138.510 to KRS § 138.530 shall be subject to the uniform civil penalties imposed pursuant to KRS § 131.180 and interest at the tax interest rate as defined in KRS § 131.010(6).
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 403, sec. 13, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 452, sec. 17, effective July 1, 1982. — Created 1948 Ky. Acts ch.
35, sec. 4.
Effective: July 14, 1992
Terms Used In Kentucky Statutes 138.540
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
History: Amended 1992 Ky. Acts ch. 403, sec. 13, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 452, sec. 17, effective July 1, 1982. — Created 1948 Ky. Acts ch.
35, sec. 4.