Kentucky Statutes 371.325 – Operation of waiver of defense clause as to defense acquired in third party materialmen’s lien
Current as of: 2024 | Check for updates
|
Other versions
No waiver of defense clause in any retail installment contract shall operate to cut off any defense that an owner-occupant of a single or double family dwelling or the appurtenances or additions thereto may have acquired by virtue of a third party materialmen’s lien under KRS § 376.010.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 177, sec. 5, effective June 29, 2023. — Created
1974 Ky. Acts ch. 173, sec. 2.
Effective: June 29, 2023
Terms Used In Kentucky Statutes 371.325
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
History: Amended 2023 Ky. Acts ch. 177, sec. 5, effective June 29, 2023. — Created
1974 Ky. Acts ch. 173, sec. 2.