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155.220 Interest on judgment for collection or repayment of defaulted loan.

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155.220 Interest on judgment for collection or repayment of defaulted loan. Notwithstanding any law to the contrary, and regardless of the legal rate of interest, in any <br>case brought by a business development corporation to obtain the collection or repayment <br>of a defaulted loan, as part of a successful judgment against the debtor or guarantor the <br>business development corporation shall be entitled to an award of interest thereon at the <br>rate of interest provided in the loan documents executed by the debtor pertaining to the <br>defaulted loan, and the rate of interest shall run and shall be payable until the judgment is <br>satisfied in full. Effective: July 15, 1980 <br>History: Created 1980 Ky. Acts ch. 360, sec. 2, effective July 15, 1980.