Last Action | signed by Governor (Acts ch. 71) |
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Title | AN ACT relating to mortgage originator licensing. |
Bill Documents |
Bill
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Bill Request Number | 166 |
Sponsors | T. Thompson, T. Burch, B. Housman, D. Osborne |
Summary of Original Version | Amend KRS 286.8-290 to require that a natural person may originate a mortgage loan secured by a dwelling that served as the natural person's own residence. |
Index Headings of Original Version | Liens - Mortgage, financing one's own residence, permissible |
Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
02/14/11 |
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02/15/11 |
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02/22/11 |
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02/23/11 |
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02/24/11 |
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02/25/11 |
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02/28/11 |
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03/01/11 |
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03/02/11 |
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03/03/11 |
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03/04/11 |
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03/16/11 |
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Amendment | House Committee Substitute 1 |
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Summary | Amend KRS 286.8-290 to delete the addition of "own" from the exemption for financing of a person's residence; exempt from the mortgage originator licensing requirements of Subtitle 8 of KRS Chapter 286 a person who originates a mortgage loan secured by a dwelling, who is exempted by an order of the commissioner of the Department of Financial Institutions, and whose exemption would not violate registration requirements of the federal S.A.F.E. Mortgage Licensing Act. |
Index Headings | Liens - Mortgage, financing one's own residence, permissible |
Last updated: 1/16/2019 3:43 PM (EST)