Central Kentucky Production Credit Ass'n v. Smith

STEPHENSON, Justice.

The trial court held that KRS 453.250, providing for allowance of attorney fees, was not applicable to the note and mortgage here executed and delivered prior to the effective date of the statute. The Court of Appeals affirmed. We granted discretionary review and reverse.

This issue is presented to us as a result of the General Assembly’s enacting KRS 453.-250 which became effective July 15, 1980. Kentucky Acts 1980, Chapter 169, p. 422, contains HB 449, “An Act relating to Debt Collecting Expenses.” Section 1, a new section of KRS Chapter 453, is created to read as follows: