KRS 286.4-991: Penalties.

(1) Any person who shall engage in the business regulated by this subtitle without first

securing a license therefor shall be guilty of a misdemeanor and upon conviction

thereof shall be punished by a fine of not less than five hundred dollars ($500) nor

more than five thousand dollars ($5,000). Any loan contract made in violation of

this subtitle shall be void and the lender shall have no right to collect any principal,

charges or recompense whatsoever.

(2) Any person who willfully violates any rule or order o f the commissioner authorized

under this subtitle, shall be guilty of a Class A misdemeanor, but no person may be

imprisoned for violation of any rule or order of which that person did not have

actual knowledge. This section shall not be deemed to limit th e power of the

commissioner to revoke any license as provided in KRS 286.4-490.