Kentucky Statutes 304.3-330 – Reports of past-due loans and loans in foreclosure to early warning analyst
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(1) Loans that are more than ninety (90) days past due shall be reported in writing by a domestic insurer to the early warning analyst created in KRS § 304.2-065.
(2) Loans in foreclosure shall be reported to the early warning analyst in writing by a domestic insurer when the foreclosure action is initiated.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 496, sec. 10, effective July 15, 1994.
(2) Loans in foreclosure shall be reported to the early warning analyst in writing by a domestic insurer when the foreclosure action is initiated.
Terms Used In Kentucky Statutes 304.3-330
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 496, sec. 10, effective July 15, 1994.