HB 643 KY

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Became Law

Amend KRS 286.8-010 to define terms; amend KRS 286.8-032 to require licensing fees and an annual assessment; amend KRS 286.8-036 to define terms; permit employees of a licensee to engage in the mortgage lending process from an alternate location if certain conditions are met; amend KRS 286.8-295 to define "employee"; require supervision and control of employees acting as mortgage loan originators; establish requirements for licensees that allow employees to engage in the mortgage lending process from alternate work locations; amend KRS 286.8-160 to prohibit records from being maintained at an alternate work location; amend KRS 286.8-170 to permit mortgage loan companies and mortgage loan brokers to utilize third-party secure storage facilities if certain conditions are met; amend KRS 286.8-100, 286.8-140, 286.8-150, 286.8-220, 286.8-255, 286.8-285, and 355.9-408 to update references to conform; make technical amendments throughout.

• S. McPherson Republican · primary

1. Feb 28, 2022 introduced in House · lower
2. Feb 28, 2022 to Committee on Committees (H) · lower
3. Mar 1, 2022 to Banking & Insurance (H) · lower
4. Mar 2, 2022 reported favorably, 1st reading, to Calendar · lower
5. Mar 3, 2022 2nd reading, to Rules · lower
6. Mar 3, 2022 floor amendment (1) filed · lower
7. Mar 3, 2022 posted for passage in the Regular Orders of the Day for Friday, March 04, 2022 · lower
8. Mar 7, 2022 3rd reading, passed 91-0 with Floor Amendment (1) · lower
9. Mar 7, 2022 received in Senate · upper
10. Mar 7, 2022 to Committee on Committees (S) · upper
11. Mar 14, 2022 to Banking & Insurance (S) · upper
12. Mar 22, 2022 reported favorably, 1st reading, to Consent Calendar · lower
13. Mar 23, 2022 2nd reading, to Rules as a consent bill · lower
14. Mar 24, 2022 posted for passage in the Consent Orders of the Day for Friday, March 25, 2022 · lower
15. Mar 25, 2022 passed over and retained in the Consent Orders of the Day · lower
16. Mar 29, 2022 3rd reading, passed 36-0 · lower
17. Mar 29, 2022 received in House · lower
18. Mar 30, 2022 enrolled, signed by Speaker of the House · lower
19. Mar 30, 2022 enrolled, signed by President of the Senate · upper
20. Mar 30, 2022 delivered to Governor · lower
21. Apr 8, 2022 signed by Governor (Acts Ch. 125) · lower

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.

• Acts Chapter 125 · PDF
• Current/Final · PDF
• Introduced · PDF