House Bill 259

Actions | Amendments
Last Action 03/11/21: recommitted to Appropriations & Revenue (H)
Title AN ACT relating to consumer loan companies.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 143
Sponsor M. Meredith
Summary of Original Version Amend KRS 286.4-530 to establish blended rate cap for certain consumer loans exceeding $3,000; make technical corrections.
Index Headings of Original Version Interest and Usury - Consumer loan licensees, permitted loan charges
Loans and Credit - Consumer loan licensees, permitted loan charges
Technical Corrections - Consumer loan licensees, permitted loan charges
Banks and Financial Institutions - Consumer loan licensees, permitted loan charges
Jump to Proposed Amendments House Committee Substitute 1
House Floor Amendment 1
House Floor Amendment 2

Actions

Top | Amendments
01/12/21
  • introduced in House
  • to Committee on Committees (H)
02/22/21
  • to Banking & Insurance (H)
02/23/21
  • posted in committee
02/24/21
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/25/21
  • 2nd reading, to Rules
  • floor amendment (1) filed to bill, floor amendment (2) filed to Committee Substitute
03/11/21
  • recommitted to Appropriations & Revenue (H)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions, except modify rate thresholds; amend KRS 286.4-533 to increase amount of nonrefundable loan processing fee; and make technical corrections to conform.
Index Headings Fiscal Note - Consumer loan licensees, permitted loan charges
Interest and Usury - Consumer loan licensees, permitted loan charges
Loans and Credit - Consumer loan licensees, permitted loan charges
Technical Corrections - HB 259
Banks and Financial Institutions - Consumer loan licensees, permitted loan charges

Amendment House Floor Amendment 1
Sponsor M. Dossett
Summary Remove blended rate provisions.
Index Headings Banks and Financial Institutions - Consumer loan licensees, permitted loan charges
Interest and Usury - Consumer loan licensees, permitted loan charges
Loans and Credit - Consumer loan licensees, permitted loan charges

Amendment House Floor Amendment 2
Sponsor M. Dossett
Summary Remove blended rate provisions.
Index Headings Banks and Financial Institutions - Consumer loan licensees, permitted loan charges
Interest and Usury - Consumer loan licensees, permitted loan charges
Loans and Credit - Consumer loan licensees, permitted loan charges

Last updated: 4/14/2021 8:30 AM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.