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Initially, the auditor of public accounts served as a comptroller and tax collector for state government. The Reorganization Act of 1936 transferred those functions to other state agencies and established the auditor's office as "...an impartial agency entirely independent of state administration and charged with the responsibility of auditing the accounts and financial transactions of all ...
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An offset loan is a type of lending arrangement, usually for a mortgage, in which a borrower also maintains a savings account with the lender. Instead of receiving interest on the savings account, the interest payment due on the loan is calculated only on the net balance of the loan minus the savings account. The regular payment is calculated ...
A Kentucky man who fraudulently arranged for $4.4 million in loans has been sentenced to nine years and two months in prison. Wavy Curtis Shain, 42, of Nelson County pleaded guilty to fraud and ...
Courts of Kentucky include: Kentucky Court of Justice. Under an amendment to the Kentucky Constitution passed by the state's voters in 1975, [1] judicial power in Kentucky is "vested exclusively in one Court of Justice", divided into the following: [2] Kentucky Supreme Court [3] Kentucky Court of Appeals [4] Kentucky Circuit Courts (57 circuits ...
In 1977, Republic Bank of Shelby County was formed in Shelbyville, Kentucky. Five years later, in 1982, Republic Bank & Trust Company was founded and headquartered in Louisville, Kentucky. In 1983, Republic Bank & Trust Company acquired Republic Savings Bank in Benton, Kentucky. In 1994, all three banks were merged under the Republic Bank ...
Where one account is a loan account. This is considered further below. This is considered further below. Loan accounts There is a distinct line of authority which indicates that where one of the accounts is a loan account then the bank cannot exercise its rights to combine accounts (Obed Tashabya v DFCU Bank).