41.620 Application for linked deposit loan -- Effect of false statement.
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41.620 Application for linked deposit loan -- Effect of false statement.
(1) Applications for linked investments shall:
(a) Be made on forms of the lending institution which includes a financial
statement of the borrower; and
(b) Be in accordance with all statutes and administrative regulations pertaining to
the link deposit investment program, KRS 41.600 to 41.625.
(2) Any person who knowingly makes a false statement concerning an application for a
linked investment loan shall be charged with the offense of issuing a false financial <br>statement, and shall be subject to the penalty provided for the offense in KRS <br>411.070.
Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 208, sec. 8, effective July 15, 1996. -- Created
1994 Ky. Acts ch. 276, sec. 5, effective July 15, 1994.
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