808 KAR 5:010. Conduct in soliciting business

Link to law: http://www.lrc.ky.gov/kar/808/005/010.htm
Published: 2015

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      808 KAR 5:010.

Conduct in soliciting business.

 

      RELATES TO: KRS 286.7-440,

286.7-550

      STATUTORY AUTHORITY:

KRS 286.7-530

      NECESSITY, FUNCTION,

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.)