| Last Action | 02/07/25: to Banking & Insurance (H) |
|---|---|
| Title | AN ACT relating to interest on medical debt. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 980 |
| Sponsors | R. Roarx, B. Chester-Burton |
| Summary of Original Version | Create a new section of KRS Chapter 360 to establish a maximum interest rate of three percent on medical debt; amend KRS 360.020 to expand the civil penalty for excessive interest on medical debt; amend KRS 360.040 to establish a maximum interest rate of three percent on judgments rendered in an action to collect medical debt; make technical amendments; amend KRS 216B.250 to conform. |
| Index Headings of Original Version |
Health and Medical Services - Itemized statement of services, maximum rate of interest Health and Medical Services - Medical debt, maximum rate of interest Interest and Usury - Medical debt, maximum rate of interest, judgment Trade Practices and Retailing - Medical debt, maximum rate of interest Civil Actions - Medical debt, judgment, maximum rate of interest Financial Responsibility - Medical debt, judgment, maximum rate of interest Local Mandate - Medical debt, maximum rate of interest |
| 02/04/25 |
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| 02/07/25 |
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Last updated: 2/21/2025 4:29 PM (EST)