House Bill 272

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


  • introduced in House
  • to Banking & Insurance (H)

Last updated: 8/28/2019 8:09 AM (EDT)