Kentucky Statutes 286.6-435 – Interest rate
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The interest rates on loans shall be determined by the board of directors, not to exceed two percent (2%) per month on unpaid balances.
Effective: July 13, 1984
History: Created 1984 Ky. Acts ch. 408, sec. 44, effective July 13, 1984.
Formerly codified as KRS § 290.435.
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.
Effective: July 13, 1984
Terms Used In Kentucky Statutes 286.6-435
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Month: means calendar month. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
History: Created 1984 Ky. Acts ch. 408, sec. 44, effective July 13, 1984.
Formerly codified as KRS § 290.435.
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.