House Bill 563

Actions
Last Action 02/22/23: to Committee on Committees (H)
Title AN ACT relating to consumer protection of financial interests.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 199
Sponsors D. Graham, G. Brown Jr.
Summary of Original Version Create a new section of KRS Chapter 371 to provide that a person is not liable on loans secured by a deed of trust or mortgage unless certain requirements are met; provide that a deed or trust or mortgage is not enforceable against a spouse unless certain requirements are met; amend KRS 65.154 to require state-administered retirement systems and pension plans of local governments obtain spousal acknowledgement on beneficiary forms and forms where an employee selects a payment option that may include a joint and survivor annuity; amend KRS 21.540, 61.542, 61.590, 61.705, 78.5538, 161.480, 161.630, and 161.655 to conform.
Index Headings of Original Version Loans and Credit - Mortgage or deed of trust, enforceability
Notices - Loans, mortgage or deed of trust, spousal notice
Public Officers and Employees - Retirement, beneficiary and payments option forms, spousal acknowledgement
Retirement and Pensions - State-administered retirement systems, beneficiary and payment option forms, spousal acknowledgement
State Agencies - State-administered retirement systems, beneficiary and payment option forms, spousal acknowledgement
Banks and Financial Institutions - Mortgage or deed of trust, enforceability
Contracts - Mortgage or deed of trust, enforceability
Local Mandate - State-administered retirement systems, beneficiary and payment option forms, spousal acknowledgement

Actions

Top
02/22/23
  • introduced in House
  • to Committee on Committees (H)


Last updated: 11/9/2023 3:03 PM (EST)