SB 157 KY
AN ACT relating to total net income limits on loans secured by a mortgage.
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Summary
Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.
Sponsor (1)
- J. Howell Republican · primary
Action history (19)
- Feb 3, 2026 introduced in Senate · upper
- Feb 3, 2026 to Committee on Committees (S) · upper
- Feb 20, 2026 to Banking & Insurance (S) · upper
- Feb 24, 2026 reported favorably, 1st reading, to Calendar · upper
- Feb 25, 2026 2nd reading, to Rules · upper
- Feb 25, 2026 posted for passage in the Regular Orders of the Day for Thursday, February 26 2026 · upper
- Feb 26, 2026 3rd reading, passed 38-0 · upper
- Feb 26, 2026 received in House · lower
- Feb 26, 2026 to Committee on Committees (H) · lower
- Mar 13, 2026 to Banking & Insurance (H) · lower
- Mar 18, 2026 reported favorably, 1st reading, to Calendar · upper
- Mar 19, 2026 2nd reading, to Rules · upper
- Mar 26, 2026 posted for passage in the Regular Orders of the Day for Friday, March 27 2026 · upper
- Mar 27, 2026 3rd reading, passed 89-1 · upper
- Mar 27, 2026 received in Senate · upper
- Mar 27, 2026 enrolled, signed by President of the Senate · upper
- Mar 27, 2026 enrolled, signed by Speaker of the House · lower
- Mar 27, 2026 delivered to Governor · upper
- Apr 8, 2026 signed by Governor (Acts Ch. 57) · upper
Subjects
Banks And Financial InstitutionsLoans, Credit, Interest, And UsuryReal Estate
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