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Ky.gov An Official Website of the Commonwealth of Kentucky

Public Protection Cabinet

Consumer and Industrial Loan Companies

How to License a Consumer Loan Company:
 
1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6.
 
2. Complete the application form. Please complete as specifically instructed and have it signed and notarized. Please answer all questions.
 
3. Forward the State License Confirmation form to all states in which the business is currently licensed and operating.
 
Upon receipt of a complete application, processing time is approximately 45 days, at which time the applicant will receive a letter of approval and a license certificate.
 
Consumer loan company licenses are renewed annually on Dec. 20, prior to the Dec. 31 expiration. The renewal fee is $400 per location.

How to License an Industrial Loan Company:

1. Read KRS 286.7 and the applicable administrative regulations under KAR 808, Chapter 5.

2. Complete the application form. Please complete as specifically instructed and have it signed and notarized. Please answer all questions.

3. Forward the State License Confirmation form to all states in which the business is currently licensed and operating.

Upon receipt of a complete application, processing time is approximately 45 days, at which time the applicant will receive a letter of approval and a license certificate.

Industrial loan company licenses are renewed annually on Dec. 30, prior to the Jan. 15 expiration. The renewal fee is $300 per location.
 
Notice
 
DFI issued an advisory [PDF 115KB] to DFI-regulated lenders announcing the Department of Defense's final rule on limitations on consumer credit extended to military service members and their dependents.
 

For More Information

Contact Jonathan Bright by email or at 502-782-9034 or 844-354-0611 with questions regarding applications, licensing, registration or exemptions.
 
Contact Rebecca Arthur by email or at 502-429-3290, ext. 2201, regarding regulatory or compliance questions.

 

 Loan Company Documents

 
  
  
  
  
FORM CL-1 Application for Kentucky Consumer Loan Company License.pdfFORM CL-1 Application for Kentucky Consumer Loan Company LicenseConsumer Loan Company43 KB
Form CL-2 Annual Report to the DFI.xlsForm CL-2 Annual Report to the DFIConsumer Loan Company52 KB
Form CL-3 Supplement to Annual Report.xlsForm CL-3 Supplement to Annual ReportConsumer Loan Company46 KB
FORM CL-4 State License Confirmation Form.pdfFORM CL-4 State License Confirmation FormConsumer Loan Company16 KB
Industrial Loan Annual Report of Condition.pdfIndustrial Loan Annual Report of ConditionIndustrial Loan Company9 KB
Industrial Loan Certificate - Company Application.pdfIndustrial Loan Certificate - Company ApplicationIndustrial Loan Company100 KB
Industrial Loan State License Confirmation.pdfIndustrial Loan State License ConfirmationIndustrial Loan Company9 KB