Kentucky Statutes 286.9-990 – Penalty for violation of this subtitle
Current as of: 2024 | Check for updates
|
Other versions
(1) Any person who intentionally violates any provision of this subtitle, or violates any administrative regulation promulgated hereunder, or violates any order of the commissioner, shall be guilty of a Class A misdemeanor. Each transaction in violation of this subtitle and each day that a violation continues shall constitute a separate offense.
(2) This section shall not be deemed to limit the power of the commissioner to enforce any of the administrative penalties found in this subtitle.
For details, see § 532.090
(3) For purposes of this section, “payment instrument” also includes debit authorization, electronic funds transfer, and any other form of electronic transmission of money.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 820, effective July 15, 2010. — Amended
2009 Ky. Acts ch. 98, sec. 24, effective January 1, 2010. — Created 1992 Ky. Acts ch. 213, sec. 13, effective July 14, 1992; and ch. 341, sec. 13, effective July 14,
1992.
Formerly codified as KRS § 368.990.
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.
(2) This section shall not be deemed to limit the power of the commissioner to enforce any of the administrative penalties found in this subtitle.
Attorney's Note
Under the Kentucky Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 12 months | up to $500 |
Terms Used In Kentucky Statutes 286.9-990
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- 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
- Statute: A law passed by a legislature.
(3) For purposes of this section, “payment instrument” also includes debit authorization, electronic funds transfer, and any other form of electronic transmission of money.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 820, effective July 15, 2010. — Amended
2009 Ky. Acts ch. 98, sec. 24, effective January 1, 2010. — Created 1992 Ky. Acts ch. 213, sec. 13, effective July 14, 1992; and ch. 341, sec. 13, effective July 14,
1992.
Formerly codified as KRS § 368.990.
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.