Kentucky Statutes 286.10-225 – Verification — Granting of license — Renewal
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(1) Following verification by the department of the information contained in the application, every person having satisfied the provisions of KRS § 286.10-200 to
286.10-285 and KRS § 286.10-991 and having paid the business taxes and any other taxes required by law shall be granted a license as set forth in this section. The license issued under this section shall state the name of the person to whom issued, the place of business, and street address where the title pledge office is located. The license shall entitle the person to do business at the place designated on the license. The license shall not be transferable from one (1) person to another but, upon approval of the commissioner, may be transferred from one (1) location to another within the county of the location originally licensed.
(2) A title pledge lender license shall be renewed each year upon payment of an annual fee of five hundred dollars ($500) and compliance with the provisions of KRS
286.10-200 to 286.10-285 and KRS § 286.10-991.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 826, effective July 15, 2010. — Created
1998 Ky. Acts ch. 242, sec. 6, effective July 15, 1998.
Formerly codified as KRS § 368.225.
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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
286.10-285 and KRS § 286.10-991 and having paid the business taxes and any other taxes required by law shall be granted a license as set forth in this section. The license issued under this section shall state the name of the person to whom issued, the place of business, and street address where the title pledge office is located. The license shall entitle the person to do business at the place designated on the license. The license shall not be transferable from one (1) person to another but, upon approval of the commissioner, may be transferred from one (1) location to another within the county of the location originally licensed.
Terms Used In Kentucky Statutes 286.10-225
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Department: means the Department of Financial Institutions. See Kentucky Statutes 286.1-010
- Person: means a natural person, or any type or form of corporation, company, partnership, proprietorship, association, or other legal entity. See Kentucky Statutes 286.1-010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(2) A title pledge lender license shall be renewed each year upon payment of an annual fee of five hundred dollars ($500) and compliance with the provisions of KRS
286.10-200 to 286.10-285 and KRS § 286.10-991.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 826, effective July 15, 2010. — Created
1998 Ky. Acts ch. 242, sec. 6, effective July 15, 1998.
Formerly codified as KRS § 368.225.
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, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.