26RS SB 157

Actions

Last Action	03/27/26: delivered to Governor
Title	AN ACT relating to total net income limits on loans secured by a mortgage.
Bill Documents	Current Introduced
Bill Request Number	1992
Sponsor	J. Howell
Summary of Original Version	Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.
Index Headings of Original Version	Banks And Financial Institutions - Mortgage loans, total net income limits, exemption Loans, Credit, Interest, And Usury - Mortgage loans, total net income limits, exemption Real Estate - Mortgage loans, total net income limit, exemption
Votes	Vote History

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02/03/26	introduced in Senate to Committee on Committees (S)
02/20/26	to Banking & Insurance (S)
02/24/26	reported favorably, 1st reading, to Calendar
02/25/26	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Thursday, February 26 2026
02/26/26	3rd reading, passed 38-0 received in House to Committee on Committees (H)
03/13/26	to Banking & Insurance (H)
03/18/26	reported favorably, 1st reading, to Calendar
03/19/26	2nd reading, to Rules
03/26/26	posted for passage in the Regular Orders of the Day for Friday, March 27 2026
03/27/26	3rd reading, passed 89-1 received in Senate enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor