808 KAR 6:115. Note reduced to judgment; records.
RELATES TO: KRS Chapter 286.4, 286.4-580
STATUTORY AUTHORITY: KRS 286.4-610
NECESSITY, FUNCTION, AND CONFORMITY: To promote the proper conduct of the consumer loan business and to insure uniformity for purposes of examination by the executive director or his representatives.
Section 1. (1) When a note has been reduced to judgment, the face of the account ledger or card must show the following:
(a) Name of court.
(b) Date of judgment.
(c) Amount of judgment.
(d) Court costs.
(e) Defendant against whom judgment obtained.
(2) Thereafter, all payments received must be applied to the judgment and properly identified. (SLL-22; 1 Ky.R. 891; Am. 1391; eff. 6-11-75; TAm eff. 4-21-2007.)