KY HB643 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 125)
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 125)
Text: Latest bill text (Chaptered) [PDF]
Summary
Amend KRS 286.8-010 to define terms; amend KRS 286.8-032 to require licensing fees and an annual assessment; amend KRS 286.8-036 to define terms; permit employees of a licensee to engage in the mortgage lending process from an alternate location if certain conditions are met; amend KRS 286.8-295 to define "employee"; require supervision and control of employees acting as mortgage loan originators; establish requirements for licensees that allow employees to engage in the mortgage lending process from alternate work locations; amend KRS 286.8-160 to prohibit records from being maintained at an alternate work location; amend KRS 286.8-170 to permit mortgage loan companies and mortgage loan brokers to utilize third-party secure storage facilities if certain conditions are met; amend KRS 286.8-100, 286.8-140, 286.8-150, 286.8-220, 286.8-255, 286.8-285, and 355.9-408 to update references to conform; make technical amendments throughout.
Title
AN ACT relating to the regulation of the mortgage loan industry.
Sponsors
Roll Calls
2022-03-29 - Senate - Senate: Third Reading RSN# 2278 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2022-03-07 - House - House: Third Reading RCS# 227 (Y: 91 N: 0 NV: 0 Abs: 9) [PASS]
2022-03-07 - House - House: Third Reading RCS# 227 (Y: 91 N: 0 NV: 0 Abs: 9) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-04-08 | House | signed by Governor (Acts Ch. 125) |
| 2022-03-30 | House | delivered to Governor |
| 2022-03-30 | House | enrolled, signed by President of the Senate |
| 2022-03-30 | House | enrolled, signed by Speaker of the House |
| 2022-03-29 | House | received in House |
| 2022-03-29 | Senate | 3rd reading, passed 36-0 |
| 2022-03-25 | Senate | passed over and retained in the Consent Orders of the Day |
| 2022-03-24 | Senate | posted for passage in the Consent Orders of the Day for Friday, March 25, 2022 |
| 2022-03-23 | Senate | 2nd reading, to Rules as a consent bill |
| 2022-03-22 | Senate | reported favorably, 1st reading, to Consent Calendar |
| 2022-03-14 | Senate | to Banking & Insurance (S) |
| 2022-03-07 | Senate | to Committee on Committees (S) |
| 2022-03-07 | Senate | received in Senate |
| 2022-03-07 | House | 3rd reading, passed 91-0 with Floor Amendment (1) |
| 2022-03-03 | House | posted for passage in the Regular Orders of the Day for Friday, March 04, 2022 |
| 2022-03-03 | House | floor amendment (1) filed |
| 2022-03-03 | House | 2nd reading, to Rules |
| 2022-03-02 | House | reported favorably, 1st reading, to Calendar |
| 2022-03-01 | House | to Banking & Insurance (H) |
| 2022-02-28 | House | to Committee on Committees (H) |
| 2022-02-28 | House | introduced in House |
Subjects
Administrative Regulations and Proceedings
Banks and Financial Institutions
Fees
Licensing
Loans and Credit
State Agencies
Technical Corrections
Banks and Financial Institutions
Fees
Licensing
Loans and Credit
State Agencies
Technical Corrections
