KRS 304.99-085: Penalties for violation of KRS 304.10 -050, 304.10 -170, and 304.10 -

180(1).

(1) A broker that fails to file an affidavit as provided by KRS 304.10-050 shall be liable

for a penalty fee of one hundred dollars ($100).

(2) A broker that exhibits a pattern of failing to file affidavits as provided by KRS

304.10-050 shall be subject to a penalty fee not less than one thousand dollars

($1,000) or more than five thousand ($5,000), revocation of license, or both, unless

it is shown to the satisfaction of the commissioner that the failure is due to

reasonable cause.

(3) A broker that fails to file a quarterly statement as provided by KRS 304.10 -170

shall be liable for a penalty of five hundred dollars ($500).

(4) If any broker fails to remit the tax prov ided by KRS 304.10 -180(1), unless it is

shown to the satisfaction of the commissioner that the failure is due to reasonable

cause, five percent (5%) of the tax found to be due by the commissioner shall be

added to the tax for each thirty (30) days or fract ion thereof elapsing between the

due date of the return and the date on which it was filed, but the total penalty shall

not exceed twenty-five percent (25%) of the tax; provided, however, that in no case

shall a penalty be less than five hundred dollars ($500).