Last Action | 04/10/18: signed by Governor (Acts, ch. 140) |
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Title | AN ACT relating to contracts. |
Bill Documents |
Current/Final
Introduced |
Bill Request Number | 1422 |
Sponsors | B. Rowland, J. Greer |
Summary of Original Version | 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. |
Index Headings of Original Version |
Commerce - Contracts, interest collectible after default Commerce - Debts, effect of actions taken by creditors on Contracts - Contracts, interest collectible after default Contracts - Debts, effect of actions taken by creditors on Interest and Usury - Contracts, interest collectible after default |
Jump to Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
02/14/18 |
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02/16/18 |
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02/21/18 |
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02/22/18 |
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02/26/18 |
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02/27/18 |
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02/28/18 |
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03/13/18 |
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03/14/18 |
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03/20/18 |
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03/22/18 |
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03/27/18 |
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03/29/18 |
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04/10/18 |
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Amendment | House Committee Substitute 1 |
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Summary | 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. |
Index Headings |
Commerce - Contracts, interest collectible after default Commerce - Debts, effect of actions taken by creditors on Contracts - Contracts, interest collectible after default Contracts - Debts, effect of actions taken by creditors on Interest and Usury - Contracts, interest collectible after default |
Last updated: 9/1/2020 2:57 PM (EDT)
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