Ky. Rev. Stat. » Chapter 134

Ky. Rev. Stat. § 134.125

Interest on certificates of delinquency

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(1) A certificate of delinquency or personal property certificate of delinquency shall bear simple interest at twelve percent (12%) per annum. Interest shall initially be calculated based on the base amount established by KRS 134.122(2)(d). Interest shall be calculated in subsequent months on the outstanding balance of the base amount until paid. A fraction of a month shall be counted as an entire month. (2) If a certificate of delinquency is paid by a third-party purchaser, the amount paid by the third-party purchaser shall become the base amount upon which simple interest is initially calculated. Interest shall be calculated in subsequent months on the outstanding balance of the base amount until paid. Effective: April 7, 2010 History: Amended 2010 Ky. Acts ch. 75, sec. 5, effective April 7, 2010. -- Created 2009 Ky. Acts ch. 10, sec. 7, effective January 1, 2010.

Notes of Decisions
Cited in 6 cases, 2012–2020 · leading case: Hazel Enterprises, LLC v. Mitchuson
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Hazel Enterprises, LLC v. Mitchuson (2017) kyctapp · cites it 4× “452(í)(b) and KRS 134.125; and the failure to award any litigation attorneys’ fees or costs pursuant to KRS 134.”
Nebraska Alliance Realty Co. v. Brewer (2017) kyctapp “Appellees allege that NARC charged interest on prelitigation fees in violation of KRS 134.125 and 134.452. They proffer that NARC’s owner admitted during a deposition that he charged interest on administrative and prelitigation fees.”
Tax Ease Lien Investments 1, LLC v. Commonwealth Bank & Trust (2012) ky “KRS 134.125, KRS 134.452. . KRS 134.420(3) states, in pertinent part: "The lien .”
Ky. Tax Bill Servicing, Inc. v. Fultz (2018) kyctapp “KRS 134.125(2) provides: If a certificate of delinquency is paid by a third-party purchaser, the amount paid by the third-party purchaser shall become the base amount upon which simple interest is initially calculated.”
Farmers National Bank v. Commonwealth (2015) kyctapp “For the foregoing reasons, we conclude that neither the statutory scheme for selling tax certificates to third-party purchasers nor the notice afforded mortgagees under the applicable statutes is constitutionally defective. Accordingly, we affirm the Franklin Circuit Court’s…”
Brandon Mills v. Ricky Mills Individually (2020) kyctapp “05, plus accrued twelve percent (12%) interest from August 30, 2010, plus accrued interest pursuant to KRS 134.125 from March 30, 2012 until paid.”
— Ky. Rev. Stat. § 134.125(2) — 1 case
Ky. Tax Bill Servicing, Inc. v. Fultz (2018) kyctapp “KRS 134.125(2) provides: If a certificate of delinquency is paid by a third-party purchaser, the amount paid by the third-party purchaser shall become the base amount upon which simple interest is initially calculated.”
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