KY HB407 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-09 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-09 - 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 190 to prohibit motor vehicle dealers from charging a fee or receiving compensation for providing, procuring, or arranging financing through a third-party lender for the purchase or lease of a motor vehicle by a consumer unless certain notifications to the consumer are made; establish penalties; amend KRS 190.040 to require that a dealer's license be revoked in the case of a third or any subsequent violation if the dealer has willfully engaged in repetitive violations.
Title
AN ACT relating to consumer protections in motor vehicle financing.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-09 | House | to Committee on Committees (H) |
| 2021-02-09 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/21RS/hb407.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/21RS/hb407/orig_bill.pdf |
