Kentucky Statutes 286.8-250 – Mortgage loan brokers to maintain physical location
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Each mortgage loan broker licensed under this subtitle shall maintain a physical location.
2008 Ky. Acts ch. 175, sec. 16, effective April 24, 2008. — Amended 2006 Ky. Acts ch. 218, sec. 13, effective July 12, 2006. — Created 2003 Ky. Acts ch. 64, sec. 15, effective June 24, 2003.
Formerly codified as KRS § 294.250.
Legislative Research Commission Note (7/12/2006). This section was amended in
2006 Ky. Acts ch. 218. In that same session, 2006 Ky. Acts ch. 247, sec. 38, required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A, and 368 be renumbered as sections of a single KRS chapter entitled the “Kentucky Financial Services Code.” Therefore, the Statute Reviser, acting under KRS § 7.136(1), has changed the number of this section and codified it as a section of KRS Chapter 286. In addition, a KRS reference has been adjusted to conform with the renumbering.
Effective: July 15, 2016
History: Amended 2016 Ky. Acts ch. 129, sec. 7, effective July 15, 2016. — Amended
Terms Used In Kentucky Statutes 286.8-250
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Physical location: means any location where the mortgage lending process, including the servicing of mortgage loans, is conducted. See Kentucky Statutes 286.8-010
- Statute: A law passed by a legislature.
2008 Ky. Acts ch. 175, sec. 16, effective April 24, 2008. — Amended 2006 Ky. Acts ch. 218, sec. 13, effective July 12, 2006. — Created 2003 Ky. Acts ch. 64, sec. 15, effective June 24, 2003.
Formerly codified as KRS § 294.250.
Legislative Research Commission Note (7/12/2006). This section was amended in
2006 Ky. Acts ch. 218. In that same session, 2006 Ky. Acts ch. 247, sec. 38, required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A, and 368 be renumbered as sections of a single KRS chapter entitled the “Kentucky Financial Services Code.” Therefore, the Statute Reviser, acting under KRS § 7.136(1), has changed the number of this section and codified it as a section of KRS Chapter 286. In addition, a KRS reference has been adjusted to conform with the renumbering.