155.220 Interest on judgment for collection or repayment of defaulted loan. - Kentucky Statutes

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155.220 Interest on judgment for collection or repayment of defaulted loan. Notwithstanding any law to the contrary, and regardless of the legal rate of interest, in any
case brought by a business development corporation to obtain the collection or repayment
of a defaulted loan, as part of a successful judgment against the debtor or guarantor the
business development corporation shall be entitled to an award of interest thereon at the
rate of interest provided in the loan documents executed by the debtor pertaining to the
defaulted loan, and the rate of interest shall run and shall be payable until the judgment is
satisfied in full. Effective: July 15, 1980
History: Created 1980 Ky. Acts ch. 360, sec. 2, effective July 15, 1980.