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36,272 statutes · page 1814 of 1814
United States — Kentucky legislation
12 statutes shown from 36,272 source-backed records
The property owner exception means KRS 99.780 to 99.855 does not apply when the owner has left the property to perform military service or to help with relief efforts during a declared federal or state emergency.
This section says KRS 99.780 to 99.855 may be cited as the Abandoned and Blighted Property Conservatorship Act.
This chapter may be cited as the “Neighborhood Redevelopment Act.”
This section defines key terms used in the chapter.
Local governments may establish neighborhood redevelopment zones, but they must meet listed conditions and obtain executive director certification.
Local governments must adopt specified building codes for neighborhood redevelopment zones, and the state department must handle and respond to variance requests for residential rehabilitation plans.
A buyer of a residential building in a neighborhood redevelopment zone must allow inspection and fix cited code violations; the local agency must inspect within 3 working days after notice, and the local government may charge up to $20 for the inspection.
A local government that creates a neighborhood redevelopment zone must set up a program for property assessment or reassessment moratoriums.
This section lets insurers issue special mortgage guaranty insurance endorsements only after commissioner approval, subject to stated conditions, reporting, and premium remittance rules.
If an insurer pays a defaulted loan under the special guaranty endorsement, it must apply to the executive director for reimbursement from the mortgage guaranty fund.
A mortgage guaranty fund is created, and the executive director must use it for specified KRS provisions while keeping the guaranteed mortgage and rehabilitation loan amount under 25 times the fund balance.
An owner or agent who willfully violates KRS 99A.030 may be fined $25 to $200 per day the violation continues, or imprisoned up to 90 days.
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