Last Action | 02/08/18: to Banking & Insurance (H) |
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Title | AN ACT relating to deferred deposit transactions. |
Bill Documents | Introduced |
Bill Request Number | 914 |
Sponsors | M. Dossett, J. Jenkins |
Summary of Original Version | Create a new section of Subtitle 9 of KRS Chapter 286 to establish definitions for "available resources," "expenses," and "relevant period"; require deferred deposit service business licensees to verify a customer's available resources and expenses during each relevant period; prohibit licensees from entering into a deferred deposit transaction if the licensee determines that a customer's expenses exceed a customer's available resources during any relevant period. |
Index Headings of Original Version |
Banks and Financial Institutions - Deferred deposit transactions, financial verification for Consumer Affairs - Deferred deposit transactions, financial verification for Loans and Credit - Deferred deposit transactions, financial verification for |
02/06/18 |
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02/08/18 |
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Last updated: 9/1/2020 2:57 PM (EDT)
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