AN ACT relating to total net income limits on loans secured by a mortgage.
Passed on 4/8/26
Summary
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From the Legislature
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.
Sponsors
0
1
R
Democratic CaucusRepublican Caucus
Roll Call Votes
89 Yea
RRDDDRDDDRRRDRRRRRDRRRRRDDRRRRRRRRRRDRRRRRRRDDRRRDDRRRRRRRRDDRRDRRRRRRRDRRRRRRRRRRRDRRRRR1 Nay
R10 Absent
RRRRRRRRRRCalendar
Feb 24
11:00 AM
Senate Committee On Banking And Insurance
Mar 18
12:00 PM
House Committee On Banking And Insurance