Any person who violates any provision of KRS § 138.130 to KRS § 138.205 shall be subject to the uniform civil penalties imposed pursuant to KRS § 131.180 and interest at the tax interest rate as defined in KRS § 131.010(6) from the date due until the date of payment.
Effective: July 14, 1992

Terms Used In Kentucky Statutes 138.185

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC

History: Amended 1992 Ky. Acts ch. 403, sec. 10, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 452, sec. 14, effective July 1, 1982. — Amended 1978 Ky. Acts ch.
233, sec. 20, effective June 17, 1978. — Created 1962 Ky. Acts ch. 92, sec. 7(11).

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