| Last Action | to Banking & Insurance (H) |
|---|---|
| Title | AN ACT relating to high-cost home loans. |
| Bill Documents |
Bill
|
| Bill Request Number | 217 |
| Sponsors | R. Meeks, D. Owens, L. Belcher, T. Riner, R. Weston |
| Summary of Original Version | Amend KRS 360.100 pertaining to high-cost home loans to delete the provision placing a cap on prepayment penalties; declare it is unlawful for any lender making a mortgage loan under this section, directly or indirectly, to make, provide, or arrange for a residential mortgage loan that requires a borrower to pay a prepayment penalty for paying all or part of the principal prior to maturity. |
| Index Headings of Original Version |
Banks and Financial Institutions - High-cost home loans, prepayment penalties Loans and Credit - High-cost home loans, prepayment penalties Real Estate - High-cost home loans, prepayment penalties |
| 01/10/08 |
|
|---|---|
| 01/15/08 |
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Last updated: 8/28/2019 8:09 AM (EDT)