Ky. Rev. Stat. § 286.3-750

Current through Acts Received April 24, 2024

Section 286.3-750 - Additional fees, charges and costs

In addition to the charges provided in KRS 286.3-740, a revolving credit plan may provide for the collection of fees not to exceed twenty dollars ($20) annually, and in addition, the following enumerated fees, charges and costs:

(1) Delinquency charges not to exceed five dollars ($5) each month if payments required by the plan are not made when due;

(2) All fees and closing costs incurred in connection with the taking of a mortgage on real estate if bona fide and not retained by the bank; and

(3) Reasonable attorney's fees and court costs provided that the account is referred to an attorney not a salaried employee of the bank or holder for collection.

KRS 286.3-750

Effective:7/13/1984
Amended 1984 Ky. Acts ch. 349, sec. 4, effective7/13/1984. -- Created 1972 Ky. Acts ch. 207, sec. 5.