SB 158 KY

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Became Law

Create new sections of KRS Chapter 367 to establish regulatory requirements for vehicle financial protection products; establish the purpose of the requirements; define terms; provide that vehicle financial protection products issued before, on, or after the effective date of the Act shall not be considered insurance; establish exemptions from the regulatory requirements; provide that amounts charged or financed for vehicle financial protection products are authorized charges to be stated separately and shall not be considered a finance charge or interest; prohibit conditioning the extension of credit, terms of a loan, or terms of a related vehicle sale or lease from being conditioned on the consumer's payment for a vehicle financial protection product; establish requirements for debt waivers; establish requirements for vehicle value protection agreements; amend KRS 190.100 and create a new section of Subtitle 4 of KRS Chapter 286 to require retail installment contracts and consumer loan companies to comply with the regulatory requirements for vehicle financial protection products; amend KRS 304.1-120 to conform; direct that the Act applies to vehicle financial protection products that become effective on or after January 1, 2027; EFFECTIVE January 1, 2027.

• J. Howell Republican · primary

1. Feb 3, 2026 introduced in Senate · upper
2. Feb 3, 2026 to Committee on Committees (S) · upper
3. Feb 6, 2026 to Banking & Insurance (S) · upper
4. Feb 10, 2026 reported favorably, 1st reading, to Calendar · upper
5. Feb 11, 2026 2nd reading, to Rules · upper
6. Feb 11, 2026 posted for passage in the Regular Orders of the Day for Thursday, February 12 2026 · upper
7. Feb 12, 2026 3rd reading, passed 37-0 · upper
8. Feb 13, 2026 received in House · lower
9. Feb 13, 2026 to Committee on Committees (H) · lower
10. Mar 5, 2026 to Banking & Insurance (H) · lower
11. Mar 11, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title) · upper
12. Mar 12, 2026 2nd reading, to Rules · upper
13. Mar 20, 2026 posted for passage in the Regular Orders of the Day for Tuesday, March 24 2026 · upper
14. Mar 24, 2026 3rd reading, passed 92-0 with Committee Substitute (1) and Committee Amendment (1-title) · upper
15. Mar 25, 2026 received in Senate · upper
16. Mar 25, 2026 to Rules (S) · upper
17. Mar 25, 2026 taken from Rules · upper
18. Mar 25, 2026 posted for passage for concurrence in House Committee Substitute (1) and Committee Amendment (1-title) · upper
19. Mar 25, 2026 Senate concurred in Committee Substitute (1) and Committee Amendment (1-title) · upper
20. Mar 25, 2026 passed 38-0 · upper
21. Mar 25, 2026 enrolled, signed by President of the Senate · upper
22. Mar 25, 2026 enrolled, signed by Speaker of the House · lower
23. Mar 25, 2026 delivered to Governor · upper
24. Apr 3, 2026 signed by Governor (Acts Ch. 16) · upper