House Bill 369

Actions | Amendments
Last Action signed by Governor (Acts, ch. 140)
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
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/14/18
  • introduced in House
02/16/18
  • to Banking & Insurance (H)
  • posted in committee
02/21/18
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/22/18
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, February 23, 2018
02/26/18
  • 3rd reading, passed 85-0 with Committee Substitute
02/27/18
  • received in Senate
02/28/18
  • to Banking & Insurance (S)
03/13/18
  • reported favorably, 1st reading, to Calendar
03/14/18
  • 2nd reading, to Rules
03/20/18
  • posted for passage in the Regular Orders of the Day for Thursday, March 22, 2018
03/22/18
  • passed over and retained in the Orders of the Day
03/27/18
  • 3rd reading, passed 37-0
  • received in House
03/29/18
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/10/18
  • signed by Governor (Acts, ch. 140)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
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: 1/16/2019 3:00 PM (EST)