Kentucky
General Assembly

Search

House Bill 471

Actions | Amendments

Last Action	signed by Governor (Acts Ch. 93)
Title	AN ACT relating to financial services.
Bill Documents	Bill
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

Actions

Top | Amendments

02/06/08	introduced in House
02/07/08	to Banking & Insurance (H)
02/08/08	posted in committee
02/13/08	reported favorably, 1st reading, to Calendar
02/14/08	2nd reading, to Rules
02/20/08	floor amendment (1) filed
02/21/08	posted for passage in the Regular Orders of the Day for Monday, February 25, 2008
02/26/08	3rd reading, passed 89-7 with floor amendment (1)
02/27/08	received in Senate
02/29/08	to Banking & Insurance (S)
03/13/08	reported favorably, 1st reading, to Calendar
03/14/08	2nd reading, to Rules
03/19/08	floor amendment (1) filed
03/26/08	posted for passage in the Regular Orders of the Day for Wednesday, March 26, 2008 passed over and retained in the Orders of the Day floor amendment (2) filed
03/27/08	passed over and retained in the Orders of the Day
03/28/08	passed over and retained in the Orders of the Day
04/01/08	3rd reading floor amendment (1) withdrawn passed 36-0 with floor amendment (2)
04/02/08	received in House to Rules (H) taken from Rules posted for passage for concurrence in Senate floor amendment (2) House concurred in Senate floor amendment (2) passed 94-0 enrolled, signed by each presiding officer delivered to Governor
04/14/08	signed by Governor (Acts Ch. 93)

Proposed Amendments

Top | Actions

Amendment	House Floor Amendment 1
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
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
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)