KRS 393A.740: Other civil penalties.

(1) If a holder enters into a contract or other arrangement for the purpose of evading an

obligation under this chapter or otherwise willfully fails to perform a duty imposed

on the holder under this chapter, the administrator may require the holder to pay the

administrator, in addition to interest as provided in KRS 393A.730, a civil penalty

of one thousand dollars ($1,000) for each day the obligation is evaded or the duty is

not performed, up to a cumulative maximum amount of twenty -five thousand

dollars ($25 ,000), plus twenty -five percent (25%) of the amount or value of

property that should have been but was not reported, paid, or delivered as a result of

the evasion or failure to perform.

(2) If a holder makes a fraudulent report or files a report which fail s to provide all

necessary information in their possession under this chapter, the administrator may

require the holder to pay to the administrator, in addition to interest under KRS

393A.730, a civil penalty of one thousand dollars ($1,000) for each day f rom the

date the report was made until corrected, up to a cumulative maximum of twenty -

five thousand dollars ($25,000), plus twenty -five percent (25%) of the amount or

value of any property that should have been reported but was not included in the

report or was underreported.