KY HB332 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 22 2024 - 25% progression, died in committee
Action: 2024-01-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 22 2024 - 25% progression, died in committee
Action: 2024-01-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
AN ACT relating to earned wage advances.
Sponsors
| Rep. Chad Aull [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-22 | House | to Committee on Committees (H) |
| 2024-01-22 | House | introduced in House |
Subjects
Administrative Regulations and Proceedings
Attorney General
Banks and Financial Institutions
Consumer Affairs
Interest and Usury
Loans and Credit
Attorney General
Banks and Financial Institutions
Consumer Affairs
Interest and Usury
Loans and Credit
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/24RS/hb332.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb332/orig_bill.pdf |
