Last Action | signed by Governor (Acts Ch. 93) |
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Title | AN ACT relating to financial services. |
Bill Documents |
Bill
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Bill Request Number | 1251 |
Sponsors | R. Rand, T. Thompson, J. Tilley, B. Yonts |
Summary of Original Version | Amend KRS 286.7-460 to require revolving credit plans offered by industrial loan companies to be in an amount larger than $7,500; increase from $15 to $25 the bad check charge and from $20 to $25 the over-the-limit fee charged by industrial loan companies in connection with revolving credit plans; amend KRS 286.4-533 to permit an industrial loan company in any extension of credit to charge a bad check charge of $25 rather than $15, a credit investigations charge of $1.50 rather than $1 for each $50 of the principal amount of the loan, an alternative to the default charge in KRS 286.4-530(4) of $15 rather than $10, and costs or other expenses in accordance with KRS Chapter 355; amend KRS 286.4-590 to delete the requirement that certain information be included in the annual report filed with the Office of Financial Institutions. |
Index Headings of Original Version |
Banks and Financial Institutions - Industrial loan companies, authorized charges Loans and Credit - Industrial loan companies, authorized charges |
Proposed Amendments |
House Floor Amendment 1 Senate Floor Amendment 1 Senate Floor Amendment 2 |
Votes | Vote History |
02/06/08 |
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02/07/08 |
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02/08/08 |
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02/13/08 |
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02/14/08 |
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02/20/08 |
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02/21/08 |
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02/26/08 |
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02/27/08 |
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02/29/08 |
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03/13/08 |
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03/14/08 |
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03/19/08 |
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03/26/08 |
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03/27/08 |
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03/28/08 |
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04/01/08 |
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04/02/08 |
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04/14/08 |
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Amendment | House Floor Amendment 1 |
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Sponsor | R. Rand |
Summary | Delete Section 1 and renumber subsequent sections. |
Index Headings |
Banks and Financial Institutions - Industrial loan companies, authorized charges Loans and Credit - Industrial loan companies, authorized charges |
Amendment | Senate Floor Amendment 1 |
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Sponsor | E. Harris |
Summary | Amend Section 1 by deleting subsection (6) which would provide for costs and expenses in accordance with KRS Chapter 355. |
Index Headings |
Banks and Financial Institutions - Industrial loan companies, authorized charges Loans and Credit - Industrial loan companies, authorized charges |
Amendment | Senate Floor Amendment 2 |
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Sponsor | T. Buford |
Summary | Amend Section 1, subsection 6 to specify costs and expenses shall be authorized in accordance with KRS 355.9-207, rather than KRS Chapter 355. |
Index Headings |
Banks and Financial Institutions - Industrial loan companies, authorized charges Loans and Credit - Industrial loan companies, authorized charges |
Last updated: 8/28/2019 8:09 AM (EDT)