Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 367 - CONSUMER PROTECTION
RECREATION AND RETIREMENT USE LAND SALES
Section 367.4778 - Status of holder or assignee of consumer credit contract - Limitation on liability

Ky. Rev. Stat. § 367.4778

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Current through 2024 Ky. Acts ch. 225
Section 367.4778 - Status of holder or assignee of consumer credit contract - Limitation on liability

Any holder or assignee of a consumer credit contract shall be subject to the claims and defenses that the consumer has against the seller or lessor of recreational and retirement use land notwithstanding whether the sale or lease is for a specific portion of real property; an undivided interest in real property; or an easement, license, lease, or other right to use real property. The liability of the assignee or holder under this statute shall not exceed the amount due on the contract.

KRS 367.4778

Effective:7/14/1992
Created 1992 Ky. Acts ch. 209, sec. 4, effective7/14/1992.