KRS 190.124: Statute of limitations on action for breach of retail installment contract.

(1) The holder of a retail installment contract shall commence an action against the

retail buyer to recover monetary damages or other relief for breach of the retail

installment contract within the earlier of the following:

(a) Four (4) years after the maturity date of the retail installment contract;

(b) If the motor vehicle has been repossessed, voluntarily or involuntarily, four

(4) years after the date the motor vehicle was sold or otherwise disposed of by

the repossessing retail seller, sales finance company, or other owner of the

retail installment contract; or

(c) If the maturity date is accelerated by reason of default, regardless of whether

the motor vehicle has been repossessed, within four (4) years of the

accelerated maturity date.

(2) The prov isions of this section shall control over any contrary provision of KRS

Chapter 413.