Kentucky House Bill 494 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 7 2022 - 100% progression
Action: 2022-04-07 - signed by Governor (Acts Ch. 88)
Text: Latest bill text (Chaptered) [PDF]

Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to make findings; define terms; establish licensing requirements for certain student education loan servicers; establish records requirements for student education loan servicers; require annual and other reports by student education loan servicers; require student education loan servicers to pay an annual assessment fee; prohibit student education loan servicers from engaging in abusive acts and practices and prohibit other conduct; require student education loan servicers to comply with federal and state law; permit the commissioner to conduct examinations and investigations of student education loan servicers; establish requirements for conditioning, denying, suspending, or revoking the license of a student education loan servicers; establish regulatory provisions relating to emergency orders, administrative complaints, and appeals; establish penalties; amend KRS 452.005 to conform; state that provisions of the Act shall be severable; provide that Act may be cited as the Student Education Loan Servicing, Licensing, and Protection Act of 2022.

AN ACT relating to student education loan servicing.

Rep. Deanna Frazier Gordon [R]	Rep. Bart Rowland [R]	Rep. Norma Kirk-McCormick [R]	Rep. Patti Minter [D]
Rep. Ruth Palumbo [D]

2022-03-30 - House - House: Third Reading RCS# 453 (Y: 93 N: 0 NV: 0 Abs: 7) [PASS]
2022-03-29 - Senate - Senate: Third Reading RSN# 2266 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2022-03-10 - House - House: Third Reading RCS# 255 (Y: 94 N: 2 NV: 0 Abs: 4) [PASS]
2022-03-10 - House - House: Suspend the Rules RCS# 254 (Y: 26 N: 55 NV: 0 Abs: 19) [FAIL]

Date	Chamber	Action
2022-04-07	House	signed by Governor (Acts Ch. 88)
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
2022-03-30	House	passed 93-0
2022-03-30	House	House concurred in Senate Committee Substitute (1)
2022-03-29	House	posted for passage for concurrence in Senate Committee Substitute (1)
2022-03-29	House	taken from Rules (H)
2022-03-29	House	to Rules (H)
2022-03-29	House	received in House
2022-03-29	Senate	3rd reading, passed 36-0 with Committee Substitute (1)
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 with Committee Substitute (1)
2022-03-16	Senate	to Banking & Insurance (S)
2022-03-11	Senate	to Committee on Committees (S)
2022-03-11	Senate	received in Senate
2022-03-10	House	3rd reading, passed 94-2 with Floor Amendment (2)
2022-03-09	House	floor amendment (2) filed
2022-02-25	House	posted for passage in the Regular Orders of the Day for Monday, February 28, 2022
2022-02-24	House	2nd reading, to Rules
2022-02-23	House	floor amendment (1) filed
2022-02-23	House	reported favorably, 1st reading, to Calendar
2022-02-22	House	to Banking & Insurance (H)
2022-02-14	House	to Committee on Committees (H)
2022-02-14	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb494.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb494/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb494/bill.pdf
Text	https://apps.legislature.ky.gov/law/acts/22RS/documents/0088.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB494/HFA1.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB494/HFA2.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB494/SCS1.pdf
Roll Call	https://apps.legislature.ky.gov/record/22RS/hb494/vote_history.pdf