Kentucky Statutes 286.9-128 – Consent order for resolution of matters arising under subtitle
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(1) The commissioner may enter into a consent order with another person at any time for the purpose of resolving a matter arising under this subtitle. A consent order shall be signed by the person to whom it is issued or by the person’s authorized representative and shall indicate agreement with the terms contained in the order. A consent order may provide that it does not constitute an admission by a person that this subtitle, or an administrative regulation promulgated under this subtitle, or an order issued under this subtitle has been violated.
(2) Any consent order that the commissioner enters into to resolve a matter arising under this subtitle shall be deemed an administrative action and a public record.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 817, effective July 15, 2010. — Created
2009 Ky. Acts ch. 98, sec. 10, effective January 1, 2010.
(2) Any consent order that the commissioner enters into to resolve a matter arising under this subtitle shall be deemed an administrative action and a public record.
Terms Used In Kentucky Statutes 286.9-128
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Commissioner: means the commissioner of 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
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 817, effective July 15, 2010. — Created
2009 Ky. Acts ch. 98, sec. 10, effective January 1, 2010.