{"data":{"id":"us-ky/krs-286.8-225","jurisdiction":"us-ky","citation":"KRS 286.8-225","heading":"Mortgage fraud prosecution fund -- Funding -- Expenditures.","body":"There is hereby created in the State Treasury a trust and revolving fund designated as the\n\"mortgage fraud prosecution fund.\" All civil penalties or contributions directed by the\ncommissioner to be transmitted to the mortgage fraud prosecution fund shall be deposited\ninto the fund. Expenditures from the fund may be used for the investigation and criminal\nprosecution of fraudulent activities within the residential mortgage lending process,\ntraining related to prevention, detection, and investigation of mortg age fraud, and\nconsumer education related to mortgage fraud. Only the commissioner of the Department\nof Financial Institutions or the commissioner's designee may authorize expenditures from\nthe account. The money deposited in the fund is hereby appropriated for the uses set forth\nin this section. Notwithstanding KRS 45.229, any money remaining in the fund at the\nclose of any fiscal year shall not lapse but shall be carried forward to the next fiscal year.\nThe fund may also receive additional state appropriations, gifts, grants, contributions, and\nfederal funds. All interest earned on money in the fund shall be credited to the fund.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14883","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:14Z","sha256":"367d4c37bd383ede68d626824947b3ddd5c90be9e751f188a6fb2489afdd75d8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.8-220","next":"us-ky/krs-286.8-227"},"notice":"GroundRules: Original legal text. Not legal advice."}