371.990 Penalties.

248 words·~1 min read·/ky/chapter-371/371-990

A 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 371.130, or assents to any

such violation shall be fined not less than fifty

(50)nor more than two hundred

dollars ($200) for each offense.

(2)Any person who shall willfully and intentionally violate any provision of KRS

371.210 to 371.330 shall be guilty of a misdemeanor and upon conviction shall be

punished by a fine not exceeding five hundred dollars ($500) or by imprisonment

for not more than six

(6)months, or both.

(3)Any person who violates any provision of KRS 371.210 to 371.330 except as a

result of an accidental or bona fide error shall be barred from the recovery of any

time price differential, or any delinquency or collection charge under or in

connection with the related installment contract or retail charge agreement; but the

holder may nevertheless recover from the buyer an amount equal to the cash price

of the goods or services and the cost to the seller or holder of any insurance

included in the transaction.

(4)Notwithstanding the provisions of subsections (2),

(3)and

(4)of this section, any

failure, other than a willful and intentional failure, to comply with any provision of

KRS 371.210 to 371.330 may be corrected within ten

(10)days after the holder is

notified thereof in writing by the buyer and, if so corrected, neither the seller nor the

holder is subject to any penalty under subsections (2),

(3)and

(4)of this section.