Kentucky Revised Statutes

Includes Enactments through the 2008 Extraordinary Session
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KRS Chapter 286.08

.010   Definitions.

.012   Administrative hearing request.

.020   Exemptions.

.030   Transaction of business prohibited without license -- Effect of issuance of license.

.032   Application for license.

.034   Fees.

.036   Rules concerning use of license.

.038   Administrative regulations establishing standards for license testing, prelicensure education, and continuing education requirements for mortgage professionals.

.040   Knowledge components of examinations.

.042   Conduct of examinations.

.044   Administrative complaint -- Service -- Hearing.

.046   Civil penalty for violation of subtitle, administrative regulation, or order.

.048   Emergency orders by executive director -- Grounds -- Hearing -- Period order to remain in effect.

.060   Surety bonds required -- Uses of bonds -- Alternatives to posting corporate surety bond -- New or supplemental bonds.

.070   Company name.

.075   Change of control.

.080   Factors for use by executive director in determining approval or disapproval of application.

.090   Denial, suspension, or revocation of license -- Jurisdiction of Franklin Circuit Court.

.100   Branch offices.

.110   Rates -- Mortgage required as evidence of real estate loan -- Delinquency charges -- Attorneys' fees -- Charges made part of note -- Limits on prepayment penalties.

.120   Fees and charges in addition to interest -- Letters of commitment -- Failure to fulfill terms constitutes default.

.125   Limitation on loan originator's fee.

.130   Escrow account -- Interest -- Accounting.

.140   Powers of executive director.

.150   Records filed with executive director open to public inspection -- Exception.

.160   Records to be kept by company -- Filing of financial report and correcting amendment -- Requirements if business discontinued -- Location of records -- Request for destruction of records.

.170   Places where records required to be kept -- Examination by executive director -- Fee -- Access to records.

.175   Confidentiality of examination reports and information -- Exceptions -- Prima facie evidence.

.180   Conduct of examination -- Cost of investigation or hearing.

.190   Grounds for investigation -- Action executive director may take after investigation.

.200   Order of suspension or denial of license -- Notice -- Hearing.

.210   Judicial review.

.220   Prohibited acts.

.225   Mortgage lending fraud prosecution account -- Funding -- Expenditures.

.227   Collection of civil penalties to be deposited in mortgage lending fraud prosecution account -- Distribution -- Administrative regulations.

.230   Deadline for initial compliance.

.240   Short title.

.250   Mortgage loan brokers to maintain physical location -- Display of license certificate.

.255   Registration with office required for mortgage loan originator or mortgage loan processor -- Renewals and temporary certificates -- Continuing education requirement -- Originators and processors subject to other laws.

.260   Continuing professional education required for persons registered under subtitle -- Termination and surrender of certificate of registration.

.270   Duties of mortgage loan broker -- Advanced disclosure of fee required.

.275   Reporting of violations of subtitle -- Duties of executive director -- No waiver of privilege or claim of confidentiality.

.280   Limitation of liability.

.285   Multistate automated licensing system for mortgage loan brokers, mortgage loan companies, loan officers, or originators.

.990   Kentucky Residential Mortgage Fraud Act -- Provisions -- Criminal proceedings -- Penalties.

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