Kentucky Statutes 286.10-220 – Application for title pledge lending license
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Each application for a title pledge lending license shall be filed with the department, and the application shall provide the following:
(1) The name of the beneficial owner if a sole proprietorship; or in the case of a corporation, all individuals serving as officers or directors; or in the case of a partnership or limited liability company, the members thereof;
(2) The street address where the title pledge office is to be operated;
(3) Proof of the capital and surety bond requirements set forth in KRS § 286.10-215, accompanied by an unaudited financial statement from a certified public accountant;
(4) An affidavit from each individual set forth in subsection (1) of this section stating that each individual has not been convicted of a felony within the ten (10) year period preceding the date of application;
(5) Certified funds in the amount of five hundred dollars ($500) payable to the department; and
(6) Other information as required by the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 825, effective July 15, 2010. — Created
1998 Ky. Acts ch. 242, sec. 5, effective July 15, 1998.
Formerly codified as KRS § 368.220.
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.
(1) The name of the beneficial owner if a sole proprietorship; or in the case of a corporation, all individuals serving as officers or directors; or in the case of a partnership or limited liability company, the members thereof;
Terms Used In Kentucky Statutes 286.10-220
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Commissioner: means the commissioner of the Department of Financial
Institutions. See Kentucky Statutes 286.1-010 - Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Department: means the Department of Financial Institutions. See Kentucky Statutes 286.1-010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(2) The street address where the title pledge office is to be operated;
(3) Proof of the capital and surety bond requirements set forth in KRS § 286.10-215, accompanied by an unaudited financial statement from a certified public accountant;
(4) An affidavit from each individual set forth in subsection (1) of this section stating that each individual has not been convicted of a felony within the ten (10) year period preceding the date of application;
(5) Certified funds in the amount of five hundred dollars ($500) payable to the department; and
(6) Other information as required by the commissioner.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 825, effective July 15, 2010. — Created
1998 Ky. Acts ch. 242, sec. 5, effective July 15, 1998.
Formerly codified as KRS § 368.220.
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.