15.824 Penalty imposed upon payor for tender of dishonored check.
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/ky/chapter-15/15-824A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any check tendered to the Office of the Attorney General is not paid when presented to the drawee bank for payment, there shall be paid as a penalty by the payor who tendered the check, or the payor for whom the check was tendered, upon notice and demand of the office, an amount equal to ten percent (10%) of the check. The penalty under this section shall not be less than ten dollars ($10) or more than twenty-five dollars ($25). If the payor who tendered the check shows to the Office of the Attorney General's satisfaction that the failure to honor payment of the check resulted from error by parties other than the payor, the office shall waive the penalty.