| Last Action | 02/26/25: to Banking & Insurance (H) |
|---|---|
| Title | AN ACT relating to commercial financing. |
| Bill Documents | Introduced |
| Bill Request Number | 942 |
| Sponsor | M. Pollock |
| Summary of Original Version | Establish Subtitle 13 of KRS Chapter 286, and create new sections thereof, to define terms; establish exemptions; require certain commercial financing providers to register with the commissioner of the Department of Financial Institutions to engage in business; establish commercial financing trade practice standards and disclosure requirements for commercial financing transactions; establish penalties and exclusive enforcement by the financial institutions commissioner; provide that Subtitle 13 of KRS Chapter 286 may be cited as the Kentucky Commercial Financing Disclosure Law; direct that the provisions apply to contracts entered on or after January 1, 2026; EFFECTIVE January 1, 2026. |
| Index Headings of Original Version |
Effective Dates, Delayed - Commercial financing, regulation, January 1, 2026 Loans and Credit - Commercial financing, regulation State Agencies - Department of Financial Institutions, commercial financing regulation Trade Practices and Retailing - Commercial financing, regulation Administrative Regulations and Proceedings - Department of Financial Institutions, commercial financing provider registration form Banks and Financial Institutions - Commercial financing providers, regulation Commerce - Commercial financing, regulation Short Titles and Popular Names - Kentucky Commercial Financing Disclosure Law |
| 02/18/25 |
|
|---|---|
| 02/26/25 |
|
Last updated: 7/24/2025 3:26 PM (EDT)