Kentucky
General Assembly

02/03/15	introduced in Senate
02/05/15	to Health & Welfare (S)
02/11/15	reported favorably, 1st reading, to Calendar
02/12/15	2nd reading, to Rules
02/19/15	posted for passage in the Regular Orders of the Day for Thursday, February 19, 2015 3rd reading, passed 34-0
02/23/15	received in House
02/24/15	to Banking & Insurance (H)
03/02/15	taken from Banking & Insurance (H) 1st reading returned to Banking & Insurance (H) posting waived
03/04/15	reported favorably, 2nd reading, to Rules as a Consent Bill
03/09/15	posted for passage in the Consent Orders of the Day for Tuesday, March 10, 2015 taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
03/10/15	floor amendment (1) filed
03/23/15	floor amendments (2) and (3-title) filed

Amendment	House Floor Amendment 1
Piggyback?	Yes
Sponsor	T. Thompson
Summary	Provide that the commissioner of the Department of Financial Institutions may by rule or order require the filing of an application, report, renewal, or approval request and the applicable fees with the State Regulatory Registry, LLC and delete alternative filing with specified organizations; make conforming amendments; amend provisions of KRS 286.8 relating to registration and licensing of persons engaged in mortgage lending to delete the requirement for registration of mortgage loan processors who are directed and supervised by a mortgage loan originator, but retain registration requirements for mortgage loan processors who engage in the mortgage lending process as an independent contractor and require registration of underwriters who engage in the mortgage lending process as an independent contractor; amend KRS 286.8-034 to delete the requirement that the commissioner provide a duplicate copy of a license to a licensee for a fee of $10; create a new section of KRS 286.8 to prohibit a mortgage loan processor or underwriter to indicate that he or she can or will perform any activities of a mortgage loan originator or underwriter if he or she is not registered or authorized to act as a mortgage loan originator; amend KRS 286.8-250 to delete the requirement that a mortgage loan broker prominently display the license certificate at his or her physical location; amend KRS 286.8-255 to delete the requirement that the commissioner provide a duplicate copy of a registration to a registrant for a fee of $10; amend KRS 286.8-260 to reduce from 4 hours to 1 hour per year the required number of hours of continuing education for registrants on the requirements of KRS 286.8 and of KRS 360.100 relating to the state's legal interest rate; and amend KRS 286.8-255 to require mortgage loan originators to grant access to any records of which the originator has actual or constructive possession or control, rather than possession or control, to the commissioner or the commissioner's examiner; make effective date of Sections 2 and 3 of this Act July 1, 2016.
Index Headings	Health and Medical Services - Nationally recognized accreditation organization, definition of Insurance, Health - Nationally recognized accreditation organization, definition of

Amendment	House Floor Amendment 2
Piggyback?	Yes
Sponsor	T. Thompson
Summary	Add and amend KRS 382.200 to require county clerks who keep an electronic version of the cross-index of conveyances recorded in their office, after making any corrections, to include an audit trail of the correction, which shall remain part of the electronic version.
Index Headings	Health and Medical Services - Nationally recognized accreditation organization, definition of Insurance, Health - Nationally recognized accreditation organization, definition of

Amendment	House Floor Amendment 3
Sponsor	T. Thompson
Summary	Make title amendment.
Index Headings	Health and Medical Services - Nationally recognized accreditation organization, definition of Insurance, Health - Nationally recognized accreditation organization, definition of