House Bill 332

Actions
Last Action 01/22/24: to Committee on Committees (H)
Title AN ACT relating to earned wage advances.
Bill Documents Introduced
Bill Request Number 1157
Sponsor C. Aull
Summary of Original Version Create a new section of KRS Chapter 367 to define terms; provide that an earned wage advance transaction shall not be deemed a loan; establish maximum consideration for earned wage advance transactions; prohibit soliciting or accepting any gift or gratuity in connection with an earned wage advance transaction; make violation an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies; authorize enforcement by the Attorney General; authorize the Attorney General to promulgate administrative regulations.
Index Headings of Original Version Interest and Usury - Earned wage advance transactions, maximum consideration
Loans and Credit - Earned wage advance transactions, maximum consideration
Administrative Regulations and Proceedings - Attorney General, earned wage advance transactions, maximum consideration
Attorney General - Earned wage advance transactions, maximum consideration, enforcement
Banks and Financial Institutions - Earned wage advance transactions, consumer loans, applicability
Banks and Financial Institutions - Earned wage advance transactions, deferred deposit transactions, applicability
Consumer Affairs - Earned wage advance transactions, consumer protections

Actions

Top
01/22/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 9/26/2024 1:37 PM (EDT)