205.990 Penalties.
266 words·~1 min read·
/ky/chapter-205/205-990A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any person who violates any of the provisions of KRS 205.170 or subsections
to
(3)of KRS 205.175 shall be guilty of a Class A misdemeanor.
(2)Any person who violates subsection
(4)of KRS 205.175 shall be guilty of a Class D
felony.
(3)Any person who willfully violates any of the provisions of KRS 205.310, or any
rule or regulation thereunder, shall be guilty of a Class B misdemeanor. Each
failure or violation shall constitute a separate offense.
(4)Any bank, savings and loan association, credit union, or other financial institution
which fails to comply with the provisions of subsection
(1)of KRS 205.835 or
which submits fraudulent information to the cabinet shall be guilty of a Class A
misdemeanor.
(5)Any bank, savings and loan association, credit union, investment company, savings
institution, trust company, insurance or annuity company, pension or profit-sharing
trust company, or other financial institution failing to comply with provisions of
KRS 405.430(11) shall be subject to a penalty of five hundred dollars ($500) for
each failure to comply.
(6)Any person or financial institution that fails to comply with the provisions of KRS
15.844 or any administrative regulation promulgated under KRS 15.844, within
ninety
(90)days after notification by the cabinet shall, unless the failure is due to
reasonable cause as defined in KRS 131.010, be fined not less than one thousand
dollars ($1,000) and no more than five thousand dollars ($5,000) for each full
month of noncompliance. The fine shall begin on the first day of the month
beginning after the expiration of the ninety
(90)days.