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Kentucky · Snapshot 09/05/2026

KRS 155.230: Reasonable attorneys' fees, provision for.

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  1. KRS Chapter 155

In any legal action brought by a business development corporation to obtain the collection

or repayment of a defaulted loan, as part of a successful judgment against the debtor or

guarantor the business development corporation shall be entitled to an award of

reasonable attorneys' fees incurred in the recovery of the defaulted loan, provided that a

provision therefor is contained in the loan documents signed by the debtor or guarantor as

part of a loan transaction between the debtor or guarantor and the bus iness development

corporation.

Collected 2026-09-05T20:50:59Z. Source file · JSON

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