Kentucky Statutes 286.10-205 – Licensed title pledge lender — Limitation of action on title pledge agreement
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(1) A title pledge lender licensed under KRS § 286.10-200 to KRS § 286.10-285 and KRS
286.10-991 may make loans of money on pledges of titled personal property in accordance with the provisions of KRS § 286.10-200 to KRS § 286.10-285 and KRS § 286.10-
991.
(2) Title pledge lenders exercising the authority set forth in KRS § 286.10-200 to KRS § 286.10-
285 and KRS § 286.10-991 shall not be deemed in violation of KRS Chapter 360. No action shall be brought by a pledgor against a title pledge lender in connection with the title pledge agreement more than five (5) years after the date of the alleged occurrence of any violation of KRS § 286.10-200 to KRS § 286.10-285 and KRS § 286.10-
991.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 242, sec. 2, effective July 15, 1998.
Formerly codified as KRS § 368.205.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
286.10-991 may make loans of money on pledges of titled personal property in accordance with the provisions of KRS § 286.10-200 to KRS § 286.10-285 and KRS § 286.10-
Terms Used In Kentucky Statutes 286.10-205
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Personal property: All property that is not real property.
- Statute: A law passed by a legislature.
991.
(2) Title pledge lenders exercising the authority set forth in KRS § 286.10-200 to KRS § 286.10-
285 and KRS § 286.10-991 shall not be deemed in violation of KRS Chapter 360. No action shall be brought by a pledgor against a title pledge lender in connection with the title pledge agreement more than five (5) years after the date of the alleged occurrence of any violation of KRS § 286.10-200 to KRS § 286.10-285 and KRS § 286.10-
991.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 242, sec. 2, effective July 15, 1998.
Formerly codified as KRS § 368.205.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.