Ky. Rev. Stat. Ann. ch. 380 – Debt Adjusting | Midpage

Collections
Kentucky Revised Statutes

Chapter 380

Ky. Rev. Stat. Ann. ch. 380

Debt Adjusting

Commonwealth of Kentucky

380.010Definitions for chapter.380.030Persons exempt from classification as debt adjuster.380.040Persons engaged in debt adjusting -- Powers and prohibitions -- Requirements for registration, audits, insurance, and bond or letter of credit -- Increase in amount of bond or insurance when debt is primarily for personal use.380.050Administrative regulations governing debt adjusting.380.060Person engaged in debt adjusting to contract with debtor -- Disclosure and notice to debtor -- Debtor's right to cancel.380.070Debt adjuster to take reasonable measures to protect debtor's personal information.380.080Debt adjuster prohibited from sale of debtor's personal information without written authorization -- Confidentiality agreement.380.090Annual disclosure of debt adjuster's policies and practices to be provided to debtor.380.100Agreement for debt adjusting -- Contents -- Right to confer power of attorney upon debt adjuster -- Prohibited provisions.380.110Cause of action for loss resulting from violation of KRS Chapter 380 -- Time limitation on prosecution of action.380.120Waiver of debtor's rights void and unenforceable.380.130Prohibition of limitation on right of financial institution to collect valid debts.380.990Penalties.