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Senate Bill 158

Actions
Last Action 02/13/26: to Committee on Committees (H)
Title AN ACT relating to vehicle financial protection products.
Bill Documents Current
Introduced
Bill Request Number 1901
Sponsor J. Howell
Summary of Original Version Create new sections of KRS Chapter 367 to establish regulatory requirements for vehicle financial protection products; establish the purpose of the requirements; define terms; provide that vehicle financial protection products issued before, on, or after the effective date of the Act shall not be considered insurance; establish exemptions from the regulatory requirements; provide that amounts charged or financed for vehicle financial protection products are authorized charges to be stated separately and shall not be considered a finance charge or interest; prohibit conditioning the extension of credit, terms of a loan, or terms of a related vehicle sale or lease from being conditioned on the consumer's payment for a vehicle financial protection product; establish requirements for debt waivers; establish requirements for vehicle value protection agreements; amend KRS 190.100 and create a new section of Subtitle 4 of KRS Chapter 286 to require retail installment contracts and consumer loan companies to comply with the regulatory requirements for vehicle financial protection products; amend KRS 304.1-120 to conform; direct that the Act applies to vehicle financial protection products that become effective on or after January 1, 2027; EFFECTIVE January 1, 2027.
Index Headings of Original Version Attorney General - Vehicle financial protection products, regulatory requirements
Boats And Boating - Vehicle financial protection products, regulatory requirements
Consumer Protection - Vehicle financial protection products, regulatory requirements
Contracts - Vehicle financial protection products, regulatory requirements
Effective Dates, Delayed - Vehicle financial protection products, regulatory requirements, January 1, 2027
Insurance - Vehicle financial protection products, regulatory requirements
Loans, Credit, Interest, And Usury - Finance agreement, vehicle financial protection products, regulatory requirements
Motor Vehicles - Vehicle financial protection products, regulatory requirements
Transportation - Vehicle financial protection products, regulatory requirements
Votes Vote History

Actions

Top
02/03/26
  • introduced in Senate
  • to Committee on Committees (S)
02/06/26
  • to Banking & Insurance (S)
02/10/26
  • reported favorably, 1st reading, to Calendar
02/11/26
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 12 2026
02/12/26
  • 3rd reading, passed 37-0
02/13/26
  • received in House
  • to Committee on Committees (H)


Last updated: 2/17/2026 6:57 PM (EST)