Welcome to the Kentucky Department of Financial Institutions Web Site

The Kentucky Department of Financial Institutions (DFI) is the state agency responsible for the supervision of the financial services industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. In order to accomplish its mission, DFI conducts examinations on state-regulated financial industries through its Division of Financial Institutions and Division of Securities.

NOTE: The former Office of Financial Institutions is now the Department of Financial Institutions due to a cabinet reorganization in June 2008. Our mission and services have not changed.

IMPORTANT  Information for ALL mortgage lenders, including banks, credit unions and consumer loan companies: A new form is required for all mortgage borrowers through the Kentucky Homeownership Protection Center. Information for mortgage individuals and companies:

Mission Statement

The mission of DFI is to serve the public through effective and efficient regulation that promotes consumer confidence and economic growth.

DFI also provides educational materials and outreach to protect consumers from financial fraud. DFI assists the industry and public through the investigation of complaints filed with the office. If you have a question or need to file a complaint, DFI is here to help.

DFI's Consumer Information channel contains Web pages that may be helpful to the general public. These pages include items such as free, downloadable brochures, free curriculums for teachers, consumer alerts, links to helpful financial Web sites, press releases and more.

DFI's Industry Information channel contains Web pages designed for those who are regulated by DFI. With our redesign we have attempted to make this area of the site more user-friendly, especially in the area of registrations. The former "Forms and Applications" and "How to Register" pages have been combined into industry-specific pages including detailed instructions, direct links and downloadable forms. Other information in this channel includes records retention requirements, industry links, free resources, DFI newsletters and more.

The Statutes and Regulations page contains links to the laws and regulations that govern DFI's regulatory capacity. Other legal information, such as various enforcement actions, advisory opinions and proposed administrative regulations, can be found on pages in the Legal Resources channel.

The About Us channel contains pages detailing who DFI regulates, the history of the office, annual reports and more.

In fulfilling its mission, DFI is dedicated to serving the suppliers, as well as the users, of financial services and to assuring a stable market which brings the two together.

DFI also works to promote economic growth through increased capital, whether by initial capitalization of private investors or retained earnings, and by flexible policies, laws and regulations that provide for competition within the industries.

Primarily through the examination process, DFI determines if Kentucky's state-regulated financial institutions and securities entities are exercising safe and sound practices and/or complying with applicable laws and regulations. Depository institutions are evaluated in the areas of management, quality of assets, capital adequacy, earnings and liquidity and are checked for compliance with laws and regulations. Securities entities and non-depository institutions' examiners focus primarily on regulatory compliance and consumer protection issues.

DFI's long and continuing tradition of public service is supported and sustained by a highly skilled and diverse workforce that responds rapidly to changes in the financial environment.

Department of Financial Institutions
1025 Capital Center Drive
Suite 200
Frankfort, KY 40601
Phone: 502-573-3390
Toll free: 800-223-2579
Fax: 502-573-0086
E-mail: kfi@ky.gov

• Officials from Two Kentucky Oil and Gas Companies Arraigned on Charges of Defrauding Investors of $3 Million
  Wednesday, December 31, 2008
  The Office of the United States Attorney Eastern District of Kentucky announced that six officials from Target Oil and Gas and Kentucky and Indiana Oil and Gas companies were arraigned in U.S. District Court for an indictment accusing the defendants of defrauding their investors of more than $3 million. The Kentucky Department of Financial Institutions assisted in the investigation of this case.
• Elizabethtown Man Charged with Defrauding 17 Individuals Out of Over $700,000
  Friday, December 12, 2008
  United States Attorney Western District reports that Ernest Cadick was arrested and charged with 17 counts of wire fraud. DFI assisted in the investigation of this case.
• Securities Regulators Reach Settlement With Prosper.com
  Wednesday, December 03, 2008
  Peer-to-peer lending service agrees to $1 million penalty over unregistered securities. Kentucky securities regulators were among the first to raise concerns.