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HB 369 (BR 1422) - B. Rowland, J. Greer

     AN ACT relating to contracts.
     Amend KRS 360.010 to specify when parties are bound to interest rate in contract and the interest rate parties are entitled to receive after default; create a new section of KRS Chapter 371 to specify that an obligation to pay or satisfy a debt is not extinguished by any action taken by a creditor for the purposes of the creditor's own financial, tax, or accounting records or affairs.


AMENDMENTS

     HCS1 - Amend KRS 360.010 to specify when parties are bound to interest rate in contract and the interest rate that parties are entitled to receive after default; create a new section of KRS Chapter 371 to specify that an obligation to pay or satisfy a debt is not extinguished by any internal action or reporting of internal actions taken by a creditor for the purposes of the creditor's own financial, tax, or accounting records or affairs.

     Feb 14, 2018 - introduced in House
     Feb 16, 2018 - to Banking & Insurance (H); posted in committee
     Feb 21, 2018 - reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 22, 2018 - 2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 23, 2018
     Feb 26, 2018 - 3rd reading, passed 85-0 with Committee Substitute
     Feb 27, 2018 - received in Senate
     Feb 28, 2018 - to Banking & Insurance (S)
     Mar 13, 2018 - reported favorably, 1st reading, to Calendar
     Mar 14, 2018 - 2nd reading, to Rules
     Mar 20, 2018 - posted for passage in the Regular Orders of the Day for Thursday, March 22, 2018
     Mar 22, 2018 - passed over and retained in the Orders of the Day
     Mar 27, 2018 - 3rd reading, passed 37-0; received in House
     Mar 29, 2018 - enrolled, signed by Speaker of the House; enrolled, signed by President of the Senate; delivered to Governor
     Apr 10, 2018 - signed by Governor (Acts, ch. 140)