{"data":{"id":"us-ky/krs-393a.740","jurisdiction":"us-ky","citation":"KRS 393A.740","heading":"Other civil penalties.","body":"(1) If a holder enters into a contract or other arrangement for the purpose of evading an\nobligation under this chapter or otherwise willfully fails to perform a duty imposed\non the holder under this chapter, the administrator may require the holder to pay the\nadministrator, in addition to interest as provided in KRS 393A.730, a civil penalty\nof one thousand dollars ($1,000) for each day the obligation is evaded or the duty is\nnot performed, up to a cumulative maximum amount of twenty -five thousand\ndollars ($25 ,000), plus twenty -five percent (25%) of the amount or value of\nproperty that should have been but was not reported, paid, or delivered as a result of\nthe evasion or failure to perform.\n(2) If a holder makes a fraudulent report or files a report which fail s to provide all\nnecessary information in their possession under this chapter, the administrator may\nrequire the holder to pay to the administrator, in addition to interest under KRS\n393A.730, a civil penalty of one thousand dollars ($1,000) for each day f rom the\ndate the report was made until corrected, up to a cumulative maximum of twenty -\nfive thousand dollars ($25,000), plus twenty -five percent (25%) of the amount or\nvalue of any property that should have been reported but was not included in the\nreport or was underreported.","path":["KRS Chapter 393A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57524","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:25Z","sha256":"c0c55e57f6955ed29f61405f1da6d6ab0990f1debcf7b79801d659bb8464e683","source_id":"us-ky","stale":false,"prev":"us-ky/krs-393a.730","next":"us-ky/krs-393a.750"},"notice":"GroundRules: Original legal text. Not legal advice."}