Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.8-140.Powers of commissioner

(a) 1. To promulgate such administrative regulations, forms, and orders as are deemed to be necessary and appropriate to accomplish the basic purposes of and the provisions contained within this subtitle.

2. The commissioner may from time to time make, amend, and rescind such administrative regulations, forms, and orders, including regulations and forms governing applications, registration, reports, and loan disclosure statements and defining any terms, whether or not used in this subtitle, insofar as the definitions are not inconsistent with the provisions of this subtitle.

3. For the purpose of administrative regulations and forms, the commissioner may classify loans, persons, and matters within his or her jurisdiction and prescribe different requirements for different classes.

4. An administrative regulation, form, or order may not be made, amended, or rescinded unless the commissioner finds that the action is necessary or appropriate in the public interest and consistent with the purposes fairly intended by the policy and provisions of this subtitle.

5. In promulgating administrative regulations and forms the commissioner may cooperate with other state and federal agencies with a view to achieving maximum uniformity in the form and content of applications, reports and loan disclosure statements whenever practical;

(d) 1. At the commissioner's discretion, to require filings and fees required under this subtitle to be electronically filed with:

2. The commissioner may accept uniform mortgage examinations or other procedures designed to implement a uniform national mortgage regulatory system or facilitate common practices and procedures among the states.