Here is a link to KRS 286.3-710.

I think/hope it applies only to credit cards and not to HELOCs because KRS 286.3-750 caps annual fees on revolving credit plans at $20 and late fees at $5 per month. Does this apply? Is there any way around this if it does?

I'm a bit perplexed as most every bank with which I'm aware charges more a greater annual fee and has a greater late charge.

If this does apply, is there a work around? Years ago when I was at a previous employer we used to elect to lend under the "credit union statute" of KRS or some other similar nonsense, but I can't seem to find that loophole at the moment.

Thanks for any debate and any ideas.
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