{"data":{"id":"us-ky/krs-304.19-200","jurisdiction":"us-ky","citation":"KRS 304.19-200","heading":"Definitions for KRS 304.19-200 to 304.19-215.","body":"As used in KRS 304.19-200 to 304.19-215:\n(1) \"Collateral\" means any personal property, including but not limited to a motor\nvehicle, pledged as security or in which a purchase money security interest is\nretained, for the satisfaction of a debt;\n(2) \"Credit personal property insurance\" means a policy, endorsement, rider, binder,\ncertificate, or other instrument or evidence of insurance that:\n(a) Is offered in connection with a credit transaction;\n(b) Covers perils to the personal property purchased through, or used as collateral\nfor, a credit transaction; and\n(c) Concerns a creditor's interest in the purchased personal property or pledged\ncollateral, in whole or in part;\n(3) \"Credit transaction\":\n(a) Means any transaction in which the:\n1. Repayment of money loaned, or a credit commitment, is made; or\n2. Payment of goods, services, property, rights, or privileges sold or leased,\nis to be made at a future date or dates; and\n(b) Includes a retail installment transaction;\n(4) \"Creditor\" means:\n(a) A lender of money;\n(b) A vendor or lessor of goods, services, property, rights, or privileges for which\npayment is arranged through a credit transaction;\n(c) Any successor to the right, title, or interest of a lender, vendor, or lessor;\n(d) Any director, of ficer, or employee of any person referenced under paragraph\n(a), (b), or (c) of this subsection;\n(e) Any affiliate, association, or subsidiary of any person referenced under\nparagraph (a), (b), or (c) of this subsection; or\n(f) Any person associated in any  way with a person referenced under paragraph\n(a), (b), or (c) of this subsection;\n(5) \"Debtor\" means:\n(a) Any or all borrowers of money; or\n(b) A purchaser or lessee of goods, services, property, rights, or privileges for\nwhich payment is arranged through a credit transaction; and\n(6) \"Finance charge\":\n(a) Means any charge payable, directly or indirectly, as an incident to, or a\ncondition of, the extension of credit, including but not limited to:\n1. Interest;\n2. Time price differentials;\n3. Amounts payable under a discount system of additional charges;\n4. Service, transaction, or carrying charges;\n5. Loan fees;\n6. Points or similar charges;\n7. Appraisal fees; or\n8. Charges incurred for investigating the credit worthiness of the\nconsumer; and\n(b) Does not include charges as a result of:\n1. Default;\n2. Taxes;\n3. License fees;\n4. Delinquency charges; or\n5. Filing fees.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57194","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:50Z","sha256":"c3b1517f150062f871adc66ed3e77f1a00e4e40786d0cec3b45112ec8304dcdc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.19-140","next":"us-ky/krs-304.19-202"},"notice":"GroundRules: Original legal text. Not legal advice."}