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HB 332 KY
Introduced

AN ACT relating to earned wage advances.

KY · session 2024RS · Assembly / House · bill

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Introduced Jan 22, 2024

Latest action (Jan 22, 2024) to Committee on Committees (H)

Summary

Create a new section of KRS Chapter 367 to define terms; provide that an earned wage advance transaction shall not be deemed a loan; establish maximum consideration for earned wage advance transactions; prohibit soliciting or accepting any gift or gratuity in connection with an earned wage advance transaction; make violation an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies; authorize enforcement by the Attorney General; authorize the Attorney General to promulgate administrative regulations.

Sponsor (1)

Action history (2)
  1. Jan 22, 2024 introduced in House · lower
  2. Jan 22, 2024 to Committee on Committees (H) · lower
Subjects
Administrative Regulations and ProceedingsAttorney GeneralBanks and Financial InstitutionsConsumer AffairsInterest and UsuryLoans and Credit

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

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Data from OpenStates. View on OpenStates →