205.990 Penalties.
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<![CDATA[205.990 Penalties. (1) Any person who violates any of the provisions of KRS 205.170 or subsections (1) to (3) of KRS 205.175 shall be guilty of a Class A misdemeanor. (2) Any person who violates subsection (4) of KRS 205.175 shall be guilty of a Class D felony. (3) Any person who willfully violates any of the provisions of KRS 205.310, or any rule or regulation thereunder, shall be guilty of a Class B misdemeanor. Each failure <br>or violation shall constitute a separate offense. (4) Any bank, savings and loan association, credit union, or other financial institution which fails to comply with the provisions of subsection (1) of KRS 205.835 or <br>which submits fraudulent information to the cabinet shall be guilty of a Class A <br>misdemeanor. (5) Any bank, savings and loan association, credit union, investment company, savings institution, trust company, insurance or annuity company, pension or profit-sharing <br>trust company, or other financial institution failing to comply with provisions of <br>KRS 405.430(11) shall be subject to a penalty of five hundred dollars ($500) for <br>each failure to comply. (6) Any person or financial institution that fails to comply with the provisions of KRS 205.772 or any administrative regulation promulgated under KRS 205.772, within <br>ninety (90) days after notification by the cabinet shall, unless the failure is due to <br>reasonable cause as defined in KRS 131.010, be fined not less than one thousand <br>dollars ($1,000) and no more than five thousand dollars ($5,000) for each full <br>month of noncompliance. The fine shall begin on the first day of the month <br>beginning after the expiration of the ninety (90) days. Effective: June 26, 2007 <br>History: Amended 2007 Ky. Acts ch. 68, sec. 3, effective June 26, 2007. -- Amended 1998 Ky. Acts ch. 255, sec. 12, effective July 15, 1998. -- Amended 1994 Ky. Acts <br>ch. 96, sec. 19, effective July 15, 1994; and ch. 316, sec. 19, effective July 15, 1994. <br> </p>
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