KRS 286.8-227: Collection of civil penalties to be deposited in mortgage fraud

prosecution fund -- Distribution -- Administrative regulations.

The commissioner is authorized through the collection of civil penalties or contributions

to retain the funds collected f or the purpose of depositing the funds into the mortgage

fraud prosecution fund created in KRS 286.8-225. The funds shall be transmitted monthly

to the State Treasurer, who shall deposit the funds into the mortgage fraud prosecution

fund created in KRS 286 .8-225. The commissioner of the Department of Financial

Institutions is responsible for the distribution of the funds in the mortgage fraud

prosecution fund and shall, in consultation with the Attorney General and local

prosecutors, develop administrative regulations for the use of these funds.