Kentucky Usury Collection Check

Live. Collecting a Kentucky loan of $15,000 or less? KRS 360.010 caps at the lesser of 19% or discount + 4; above it forfeits all interest (360.020).

Collecting a Kentucky personal or online loan of $15,000 or less from a lender with no specific license? Checks each loan and contact against KRS 360.010: interest above the lesser of 19% or the Federal Reserve discount rate plus 4 points is usurious; the lender forfeits all interest (KRS 360.020), and interest already paid may be recovered at twice the amount within two years. Flags collecting forfeited interest (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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