Kentucky: Department of Financial Institutions

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DFI is the state agency responsible for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. Department of Financial Institutions, Office of Financial Institutions, Consumer, Industry, Information, Legal Resources, DFI, OFI, Jewell Robbins, Spindletop, HUD-exempt, file a complaint, search for an entity, subprime mortgage lending, mortgage law, House Bill 552, Kentucky Homeownership Protection Center, foreclosure

Search for an Entity
check the background & license/registration of your finanical adviser or loan officer; search for an entity, mortgage brokers and companies, mortgage exempt, mortgage individuals, consumer and industrial loan companies, check cashers, money transmitters, securities-related entity or person, investment adviser, representative, security, state-regulated banks, trust companies, bank holding companies, state credit unions, orders, enforcement actions

Statutes and Regulations
Kentucky Revised Statutes and Kentucky Administrative Regulations for financial institutions, regarding Banking, Credit Unions, Consumer, Industrial, Loan, Securities, Kentucky Financial Services Code, business exceptions, authority to issue credit cards

Frequently Asked Questions
DFI Frequently Asked Questions. What is the Department of Financial Institutions? credit cards, investing, investment adviser or broker, file complaint, banks, credit unions, lenders, borrowing, payday loan, open records request, regulator, enforce, register, license

Financial Institutions
File a complaint against a financial institution, banks, credit unions, trusts, thrifts, mortgage, lender, consumer loan, industrial loan, payday lender, check casher, problem, complete the form, consumer complaint investigator, Kentucky Department of Financial Institutions

Securities
File a complaint against a securities individual or offering by downloading the form and/or contacting DFI, Kentucky Securities Act, violations, investigation, investment adviser, stockbroker, broker-dealer, Kentucky Department of Financial Institutions

Overview
How to file a complaint with the Department of Financial Institutions, banks, credit unions, trusts, thrifts, mortgage, lender, consumer loan, industrial loan, payday lender, check casher, investment adviser, stockbroker, broker-dealer, problem, complete the form, consumer complaint investigator

Overview
Information and resources for Kentucky consumers in their interaction with the financial services industry, DFI, assist consumers, help with investments and credit, teacher resources, request a speaker, financial literacy, educational outreach

Consumer Alerts
Consumer Alerts, foreclosure rescue scams, nontraditional mortgage loans, recasts, adjustable rate mortgage, ARM, Community Reinvestment Act program, homeowners, counterfeit checks, oil and gas investments, Ponzi schemes, phishing, vishing

Credit Help
credit help, debt management, credit, loans, credit cards, borrowing, links, free brochures, help, foreclosure assistance, counseling

Investment Help
Investment Help, tools for smart investing, protect yourself from fraud and scams, check out your broker or investment adviser and the product before buying, review past orders against companies, information, links, publications, brochures, campaign for wise and safe investing, personal finance for military families, oil and gas investor checklist

Campaign for Wise and Safe Investing
Campaign for Wise and Safe Investing, Senior Scam Jam, investment fraud, mail fraud, home repair fraud, predatory lending, identity theft, avoid scam artists, AARP, OFI, Attorney General, Investor Protection Trust, Better Business Bureau, US Postal Inspection Service

DFI v. Robbins
DFI's case against Jewell Robbins. Jewell Robbins, Burgin, Alvina, William R. Meadows, James Meaders, estate, court injunction, unregistered, securities, sales and assignments, Spindletop oil strike in Texas, Swindletop, fractional interests, interests in litigation, guilty, scam, sentence, prison, jail, registration, securities laws, investigation, injunction, order, felony, Office of Financial Institutions, Department of Financial Institutions

Links – Government and Professional
Links – Government and Professional Organizations, Federal, Professional and Other Kentucky Links. These links are provided for the general information of visitors to the DFI Web site.

Newsletter
Quarterly newsletter issued by the Department of Financial Institutions, e-mail to be on distribution list, Office of Financial Institutions, Of Interest in Kentucky

Request a Speaker
The Department of Financial Institutions (DFI) has staff members who will speak about financial topics on request. Presentations about the financial institutions industries DFI regulates, about our agency, classroom speakers, investing, saving, budgeting, lending, credit cards, financial fraud and other personal finance issues, schedule a guest speaker, adult workshops, financial literacy, fraud prevention, free materials, Money Smart, Savvy Investor, Fraud Bingo

LifeSmarts
The LifeSmarts program is designed to complement school curriculums and help develop consumer life skills for teens. Consumer challenge, develop consumer life skills for teens, National Consumers League

April is Financial Literacy Month
For the past three years, the governor of Kentucky has declared April to be Financial Literacy Month. Kentucky Jump$tart petitions to have each April dedicated to financial literacy, free workshops, events, teacher training, class presentations, Buyer Beware DVD

Teacher Resources
DFI's educational outreach program provides free practical education materials and free financial workshops, financial literacy, investor education, free curriculums for teachers, workshops, educators, saving and investing, credit card finance, lending, budgeting, borrowing, lending, investors, Kentucky Department of Financial Institutions (DFI), Basics of Saving and Investing: Investor Education 2020, The ABCs of Credit Card Finance, FSI: Fraud Scene Investigator, classroom presentations

Credit Unions
Credit Unions, depository financial institutions, open a new branch, start a new charter, merge, state-chartered, state-regulated, field of membership expansion, bylaws, out-of-state branch, Department of Financial Institutions

Banks and Holding Companies
Banks, Bank Holding Companies, depository financial institutions, open a new branch, start a new charter, merge, state-chartered, state-regulated, bank directors oath, interagency charter, federal deposit insurance application, bank applications activity report, manual of exam policies, records retention schedule, bank dividend request

Trust Companies
Trust Companies, depository financial institutions, state-chartered, state-regulated, semi-annual report of condition and income, Department of Financial Institutions

Overview
Depository Financial Institutions, merge, open a new branch, start a new charter, banks, credit unions, trust companies, bank holding companies, state-chartered, state-regulated, savings and loan, industry resource, phishing

Overview
Nondepository institutions are under the jurisdiction of the Financial Institutions Division of the Kentucky Department of Financial Institutions, DFI , licensing, registration, mortgage, consumer loan, industrial loan, check casher, payday lender, deferred deposit, title pledge lender, money transmitter

Mortgage
Mortgage licensing and exemptions, Nationwide Mortgage Licensing System, Kentucky Overview, description, link, instructions, directions, mortgage companies, mortgage entities, mortgage individuals, mortgage originators, loan officers, application, jurisdiction-specific items, Kentucky Homeownership Protection Center

Mortgage Education Courses
Approved continuing education courses for individual mortgage loan originators and processors, and 30-hour courses required to license a mortgage entity, classroom requirements, KRS 286.8-255 and 286.8-260, KRS 360.100, registered mortgage loan officers, 30-hour courses, license a mortgage entity, become an education provider

Check Casher Law Changes
Law changes for check cashers, deferred deposit companies, payday lenders, House Bill 444, 2009 General Assembly session, HB444, legal definitions, licensing rules, enforcement changes, company reqirements, moratorium on new licenses

Check Cashers
Check casher, payday lender, deferred deposit company, how to license entities to sell nondepository products in Kentucky, compliance, applications, license, registration, forms, Kentucky Department of Financial Institutions

Consumer and Industrial Loan Companies
Consumer Loan Companies, Industrial Loan Companies, how to license entities to sell nondepository products in Kentucky, compliance, applications, license, registration, forms, Kentucky Department of Financial Institutions

Money Transmitters
Money Transmitters, wire transfer companies, how to license entities, nondepository products, compliance, applications, license, registration, forms, Kentucky Department of Financial Institutions

Kentucky Homeownership Protection Center
Kentucky Homeownership Protection Center, Protect My Kentucky Home, notification to new homeowners, Kentucky Department of Financial Institutions, Kentucky Housing Corp., default, foreclosure, information, resources, counseling

Mortgage Law Changes
Mortgage law changes, general assembly, Kentucky legislature, House Bill 106, SAFE Act, mortgages, companies, brokers, originators, processors

Mortgage Law Changes
Mortgage law changes, House Bill 552, HB552, passed in the 2008 General Assembly session, sponsored by Rep. Tommy Thompson, makes changes to statute, KRS 286.8, licensing, registration, exemption, mortgage brokers, individuals, processors, originators, loan officers

Overview
The Securities Division of the Department of Financial Institutions (DFI) regulates securities activities in Kentucky. Securities, register, license, sell, give advice, broker-dealers, agents, issuers, investment advisers, investment adviser representatives, investment adviser, advisor, advisors, industry resource

Broker-Dealers and Agents
Broker-dealers are entities that are licensed to buy or sell securities for investors in the state of Kentucky. Broker-dealer agents are individuals who are licensed to sell securities on behalf of a registered broker-dealer. How to register to sell securities in Kentucky, broker-dealers, broker-dealer agents, investment, investments

Investment Advisers and Representatives
Investment advisers (IAs) are entities that make recommendations regarding the purchase or sale of securities. How to register to sell securities in Kentucky, investment advisers, investment adviser representatives, investments, adviser, advisor, advisors, federally registered, notice filing

Issuers and Agents
It is unlawful for an issuer to employ an agent in Kentucky unless that person is registered under the provisions of KRS 292.330. How to register to sell securities in Kentucky, agents, issuers, issuer agents, investment, investments, dual registration, renewal

Registrations and Exemptions
Kentucky law requires every security offered or sold in Kentucky to be registered unless it is exempt or is a covered security. How to register securities offerings to be sold in Kentucky, exempt, exemptions, covered security, notice filing, broker-dealers, agents, issuers, investment advisers, investment adviser representatives, investment adviser, advisor, advisors, exemptions, Regulation D, Reg D, viaticals, mutual funds, unit investment trust, UIT, employee benefits plan, stock option incent

Examinations
DFI conducts routine and for-cause examinations of broker-dealers, investment advisers, issuers and their agents, Kentucky, securities, compliance, presentation, advisor, adviser

Overview
The Kentucky Department of Financial Institutions (DFI) has the assistance of the Office of Legal Services, which provides a general counsel and a staff of five knowledgeable attorneys. The attorneys represent the agency in all litigation and enforcement actions.

Overview
Enforcement Actions, orders issued by DFI, bank and trust, credit union, mortgage, securities, deferred deposit, consumer loan, money transmitter, Department of Financial Institutions

Mortgage Enforcement Actions
Mortgage, Banking, cease and desist, final order, settlement agreement, legal action, revoking license, revoking registration, revoking exemption, imposing fine

Deferred Deposit and Check Cashing Enforcement Actions
deferred deposit and check cashing enforcement actions

Bank and Trust Enforcement Actions
Kentucky Revised Statutes and Administrative Regulations regarding Banking, Kentucky Revised Statutes and Administrative Regulations for financial institutions

Securities Enforcement Actions
Securities Enforcement Actions, order, cease and desist, settlement agreement, injunction, receivership, Young Oil Corporation, Jewell Robbins, Jupiter Energy, Ernest Cadick, Robo Enterprises, EnTerra Energy, Rose, David G. Rose, Gary Milby, Mid-America Energy Inc., Kingdom Oil, Ernest Cadick, Department of Financial Institutions, Office of Financial Institutions

Credit Union Enforcement Actions
Credit Union Enforcement Actions, orders issued by DFI, Beacon Community Credit Union, bylaws, amend, field of membership, Department of Financial Institutions

Money Transmitter Enforcement Actions
money transmitter enforcement actions, money transmission business, money orders, consent order, legal action

Overview
DFI is the state agency responsible for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. Financial Institutions Division, Securities Division, chartering, licensing, securities, compliance, enforcement, who we regulate

Organization
The Department of Financial Institutions (DFI) is currently organized into two divisions and two branches: the Division of Financial Institutions, the Division of Securities, the Administrative Services Branch and the Information Technology Branch. These fall under the supervision of the Office of the Commissioner.

Employment Opportunities
DFI is always looking for talented, qualified individuals who are interested in working in a public agency with a mission to serve the public and regulate financial services industries. Bachelor’s degree in accounting, finance, business administration, public administration, economics, computer science, experience in the financial services or regulatory industry is required for most positions at DFI, Department of Financial Institutions

History
History of DFI, Kentucky Department of Financial Institutions, Kentucky Office of Financial Institutions, Banking Act of 1912, Department of Banking, Department of Banking and Securities, regulates banks, trust companies, savings banks, state-chartered savings [building] and loan associations, state-chartered credit unions, securities, consumer and industrial loan companies, money order sellers, mortgage loan companies and brokers, check-cashing companies

About the Commissioner
Charles A. Vice was appointed commissioner of the Department of Financial Institutions (DFI) effective Aug. 16, 2008. As commissioner, Vice has responsibility for the regulatory oversight of all state-chartered financial institutions, which includes examinations, licensing of financial professionals, registration of securities and enforcement.

About the Board
By statute it is recommended that the Financial Institutions Board consist of representatives from all segments of Kentucky’s financial industry and the public-at-large.

Directions to DFI
DFI's central office is located at 1025 Capital Center Drive, Suite 200, in Frankfort and is easy to find.

Annual Reports
The annual reports of the Kentucky Department of Financial Institutions contain statistical and historical information pertaining to the financial services industry regulated by the agency, Kentucky Office of Financial Institutions

2006-2007 Releases
Press releases issued by the Office of Financial Institutions. Mortgage guidance, MU forms, oil and gas scams, Jewell Robbins, Jewel Robbins Burgin, Jupiter Energy LLC, Basin Oil and Gas, Earth Day, Senior Specialists, investor, traps, loan scams, advance fee schemes, mortgage payment, adjustable rate mortgage, ARM, recast, accreditation

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