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Kentucky Statutes, Title XXIX

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Kentucky/Statutes

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Title XXIX, Commerce and Trade

15 chapters · 1,472 sections in this title.

All chapters in Title XXIX1,472 Ch 355, UNIFORM COMMERCIAL CODE644 Ch 367, CONSUMER PROTECTION311 Ch 362, PARTNERSHIPS268 Ch 365, TRADE PRACTICES139 Ch 363, WEIGHTS, MEASURES, AND MILLERS' TOLLS49 Ch 369, INFORMATION TECHNOLOGY24 Ch 360, INTEREST AND USURY14 Ch 364, DRIFTS, LOGS, AND TIMBER14 Ch 359, SELF-SERVICE STORAGE FACILITIES7 Ch 366, SALE OF CHECKS LAW1 Ch 368, CHECK CASHING1

311 sections·Filtered byTitle XXIX✕Ch 367✕

KRS § 367.979 Prohibited provisions
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A rental-purchase agreement shall not contain a provision: (1) Requiring a confession of judgment; (2) Requiring a garnishment of wages; (3) Granting authorization to the lessor of a person acting on the lessor's behalf to enter unlawfully upon the consumer's premises or to commi…
KRS § 367.980 Required provisions
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(1) Each rental-purchase agreement shall: (a) Provide that the consumer may terminate the agreement without penalty by voluntarily surrendering or returning the merchandise upon expiration of any lease term; and (b) Contain a provision for reinstatement which, at a minimum permit…
KRS § 367.981 Renegotiation of rental-purchase agreement
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(1) A renegotiation shall occur when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation shall be a new agreement covered by KRS 367.976 to 367.985. However, events such as the following shall n…
KRS § 367.982 Advertisement for rental-purchase agreement
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(1) If an advertisement for a rental-purchase agreement refers to or states the amount of any payment or the right to acquire ownership for any specific item, the advertisement also shall state clearly and conspicuously the following items, as applicable: (a) That the transaction…

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KRS § 367.983 Civil remedies for consumers injured by violations of KRS 367.976 to 367.985

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367.985. (1) A lessor who fails to comply with a requirement imposed in KRS 367.977, 367.978, 367.979, or 367.980 with respect to a consumer shall be liable to the consumer in an amount equal to the greater of: (a) The actual damages sustained by the consumer as a result of the v…

KRS § 367.984 Limitation of actions

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A civil action under KRS 367.976 to 367.985 may be brought in any court of competent jurisdiction within one (1) year of the date of the occurrence of any violation or within six (6) months of the time the rental-purchase agreement, together with any renewals or extensions thereo…

KRS § 367.985 Effect of unintentional violation and timely adjustment of error

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(1) A lessor shall not be liable under KRS 367.983 for a violation of KRS 367.976 to 367.985 if the lessor shows by a preponderance of the evidence that the violation was not intentional and resulted from a bona fide error, such as a clerical miscalculation, computer malfunctions…

KRS § 367.990 Penalties

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(1) Any person who violates the terms of a temporary or permanent injunction issued under KRS 367.190 shall forfeit and pay to the Commonwealth a civil penalty of not more than twenty-five thousand dollars ($25,000) per violation. For the purposes of this section, the Circuit Cou…

KRS § 367.991 Penalty for violation of KRS 367.932 to 367.974

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Any person or corporation which is subject to the provisions of KRS 367.932 to 367.974 and willfully violates the trust provision found in this chapter shall be guilty of a Class C felony. Each violation of any trust provision of this chapter shall be deemed a separate offense. E…

KRS § 367.992 Penalty for violation of KRS 367.826

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(1) Violation of KRS 367.826 shall be a Class A misdemeanor. (2) In addition to subsection (1) of this section, all of the remedies, powers, and duties provided for the Attorney General by KRS 367.190 through 367.300 and 367.990, pertaining to acts declared unlawful by KRS 367.17…

KRS § 367.993 Penalty for violations of KRS 367.4774 and 367.381

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(1) Any person who knowingly violates or causes to be violated any provision of KRS 367.4774 shall be guilty of a Class C felony. (2) Any person who knowingly violates or causes to be violated any provision of KRS 367.381 shall be guilty of a Class C felony.