286.6 -435 Interest rate. The interest rates on loans shall be determined by the board of directors, not to exceed two percent (2%) per month on unpaid balances. Effective: July 13, 1984 History: Created 1984 Ky. Acts ch. 408, sec. 44, effective July 13, 1984. Formerly codified as KRS 290.435. 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.
Kentucky Legal Code