No person shall engage in the business of a title pledge lender without having first obtained a license. Any person engaged in the business of title pledge lending on July 15,
1998, may continue to engage in the business without a license until the commissioner shall have acted upon his or her application for a license, if the application is filed within sixty (60) days after July 15, 1998.

Terms Used In Kentucky Statutes 286.10-210

  • Commissioner: means the commissioner of the Department of Financial
    Institutions. See Kentucky Statutes 286.1-010
  • Person: means a natural person, or any type or form of corporation, company, partnership, proprietorship, association, or other legal entity. See Kentucky Statutes 286.1-010
  • Statute: A law passed by a legislature.

Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 823, effective July 15, 2010. — Created
1998 Ky. Acts ch. 242, sec. 3, effective July 15, 1998.
Formerly codified as KRS § 368.210.
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.