(1) A person found guilty of violating any provisions of KRS § 434.872, 434.874,
514.160, or 514.170 shall, in addition to any other punishment, be ordered to make restitution for financial loss sustained by a victim as a result of the violation. Financial loss may include any costs incurred by the victim in correcting the credit history of the victim or any costs incurred in connection with any civil or administrative proceeding to satisfy any debt or other obligation of such victim, including lost wages and attorney‘s fees.
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Terms Used In Kentucky Statutes 532.034

  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Restitution: means any form of compensation paid by a convicted person to a victim for counseling, medical expenses, lost wages due to injury, or property damage and other expenses suffered by a victim because of a criminal act. See Kentucky Statutes 532.350
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.

(2) A person found guilty of violating any provisions of KRS § 434.872, 434.874,
514.160, or 514.170 shall pay restitution to the person or entity that suffers the financial loss. In addition to the financial loss detailed in subsection (1) of this section, the person or entity may include a financial institution, insurance company, or bonding association that suffers direct financial loss as a result of the violation.
Effective: July 15, 2002
History: Amended 2002 Ky. Acts ch. 175, sec. 10, effective July 15, 2002. — Created
2000 Ky. Acts ch. 174, sec. 4, effective July 14, 2000.