Kentucky
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House Bill 470

Actions | Amendments
Last Action signed by Governor (Acts ch. 71)
Title AN ACT relating to mortgage originator licensing.
Bill Documents Bill
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

Actions

Top | Amendments
02/14/11
  • introduced in House
02/15/11
  • to Banking & Insurance (H)
02/22/11
  • posting waived
02/23/11
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
02/24/11
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Friday, February 25, 2011
02/25/11
  • 3rd reading, passed 96-0 with Committee Substitute
02/28/11
  • received in Senate
03/01/11
  • taken from Committee on Committees (S)
  • 1st reading
  • returned to Committee on Committees (S)
  • to Banking & Insurance (S)
03/02/11
  • taken from Banking & Insurance (S)
  • 2nd reading
  • returned to Banking & Insurance (S)
03/03/11
  • reported favorably, to Rules as a Consent Bill
  • posted for passage in the Consent Orders of the Day for Friday, March 4, 2011
03/04/11
  • 3rd reading, passed 37-0
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
03/16/11
  • signed by Governor (Acts ch. 71)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
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)