{"data":{"id":"us-ky/krs-226.080","jurisdiction":"us-ky","citation":"KRS 226.080","heading":"Maximum interest -- Service charges.","body":"Any pawnbroker, as defined in KRS 226.010, may, in loaning money on deposit of\npersonal property, charge, contract for or receive interest at a rate not exceeding two\npercent (2%) per month on the unpaid principal balance of the loan, and may charge,\ncontract for and receive a reasonable fee, not to exceed one -fifth (1/5) of the value of the\nloan per month, for investigating the title, storing and insuring the property, closing the\nloan, making daily reports to local law enforcement officers and for other e xpenses,\nlosses and incidental costs associated with servicing such loans. It is further provided that\nsuch fee when made and collected shall not be deemed interest for any purpose of law.\nNo pawnbroker shall directly or indirectly charge, receive or contr act for any interest or\nconsideration greater than that allowed by this section.","path":["KRS Chapter 226"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=10606","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:43Z","sha256":"a1bec5d8f6a87142327d4caab0ad1a99869c4e19630993bde1ce03f120cc0a66","source_id":"us-ky","stale":false,"prev":"us-ky/krs-226.070","next":"us-ky/krs-226.090"},"notice":"GroundRules: Original legal text. Not legal advice."}