Any person who violates any provision of KRS § 138.240 to KRS § 138.260 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 when due shall be paid.
Effective: July 14, 1992

Terms Used In Kentucky Statutes 138.290

  • 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. 11, effective July 14, 1992. — Amended
1988 Ky. Acts ch. 285, sec. 9, effective August 1, 1988. — Amended 1982 Ky. Acts ch. 452, sec. 15, effective July 1, 1982. — Amended 1962 Ky. Acts ch. 203, sec. 2. — Amended 1952 Ky. Acts ch. 193, sec. 4. — Amended 1950 Ky. Acts ch. 24, sec. 3. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281g-11.

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