HB 489 KY

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Introduced

Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to define terms; prohibit engaging in the business of nonrecourse consumer legal funding transactions without a license; establish licensing requirements; provide that nonrecourse consumer legal funding transactions are not loans and exempt from statute relating to interest; establish requirements for nonrecourse consumer legal funding transaction contracts; prohibit certain actions by nonrecourse consumer legal funding companies; provide for attorney communications and responsibilities; establish penalties; provide that the new subtitle on nonrecourse consumer legal funding shall not restrict the powers or duties of the Attorney General; amend KRS 286.4-410, 360.010, and 372.060 to conform.

• J. Blanton Republican · primary
• K. Banta Republican · primary
• M. Dossett Republican · primary
• P. Flannery Republican · primary
• B. McCool Republican · primary
• S. Santoro · primary

1. Feb 11, 2022 introduced in House · lower
2. Feb 11, 2022 to Committee on Committees (H) · lower
3. Mar 8, 2022 to Judiciary (H) · lower
4. Mar 9, 2022 reported favorably, 1st reading, to Calendar · lower
5. Mar 10, 2022 2nd reading, to Rules · lower
6. Mar 17, 2022 floor amendments (1) and (2) filed · lower
7. Mar 29, 2022 recommitted to Appropriations & Revenue (H) · 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.

• Introduced · PDF