808 KAR 5:010.
Conduct in soliciting business.
RELATES TO: KRS 286.7-440,
AND CONFORMITY: To promote and regulate proper conduct in the solicitation of
business by industrial loan companies.
Section 1. No
certificate holder shall pay or offer to pay any borrower or any prospective
borrower any monetary inducement by means of which any person will be
encouraged to become a borrower. No certificate holder shall endeavor to
solicit any business through any person, firm, or corporation, other than a
regular salaried employee of the certificate holder, by paying or offering to
pay for any such business recommended to the licensee by any such person, firm
or corporation. (ILL-1; 1 Ky.R. 886; eff. 6-11-75; TAm eff. 4-21-2007.)