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Senate Bill 219

Actions | Amendments

Last Action	03/19/26: 2nd reading, to Rules
Title	AN ACT relating to deferred deposit transaction fees imposed by the commissioner.
Bill Documents	Current Introduced
Bill Request Number	2258
Sponsor	J. Howell
Summary of Original Version	Amend KRS 286.9-140 to require the commissioner of the Department of Financial Institutions to impose a $3 fee per deferred deposit transaction for data required to be submitted by a deferred deposit service business licensee; direct that the Act applies to deferred deposit transactions entered or or after the effective date of the Act.
Index Headings of Original Version	Banks And Financial Institutions - Deferred deposit service business, database fee Fees - Deferred deposit transaction, database fee State Agencies - Department of Financial Institutions, commissioner, deferred deposit database fee
Jump to Proposed Amendments	House Committee Substitute 1 House Committee Amendment 1
Votes	Vote History

Actions

Top | Amendments

02/20/26	introduced in Senate to Committee on Committees (S)
02/27/26	to Banking & Insurance (S)
03/03/26	reported favorably, 1st reading, to Calendar
03/04/26	2nd reading, to Rules
03/06/26	posted for passage in the Regular Orders of the Day for Tuesday, March 10 2026
03/10/26	3rd reading, passed 38-0
03/11/26	received in House to Committee on Committees (H)
03/13/26	to Banking & Insurance (H)
03/18/26	reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
03/19/26	2nd reading, to Rules

Proposed Amendments

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Amendment	House Committee Substitute 1
Summary	Retain original provisions, except amend KRS 286.9-100 to increase the maximum amount of total proceeds that may be received by a customer for all open deferred deposit transactions to $600; require the commissioner of the Department of Financial Institutions to annually adjust the maximum amount of total proceeds; prohibit an adjustment that results in the maximum amount of total proceeds exceeding $850; create a new section of KRS Chapter 425 to establish minimum information to be included in an order of attachment or garnishment of earnings on a judgment-debtor employee; permit sensitive identifying information to be included as a separate addendum.
Index Headings	Banks And Financial Institutions - Deferred deposit transactions, maximum amount of proceeds Civil Actions - Orders of attachment or garnishment, information included Courts - Orders of attachment or garnishment, information included Garnishment - Orders, information included Loans, Credit, Interest, And Usury - Deferred deposit transactions, maximum amount of proceeds State Agencies - Department of Financial Institutions, deferred deposit transactions, maximum amount of proceeds Wages And Hours - Orders of attachment or garnishment, information included

Amendment	House Committee Amendment 1
Sponsor	M. Pollock
Summary	Make title amendment.
Index Headings	Title Amendments - SB 219/GA

Last updated: 3/19/2026 8:27 PM (EDT)