Kentucky House Bill 563 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 22 2023 - 25% progression, died in committee
Action: 2023-02-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Create a new section of KRS Chapter 371 to provide that a person is not liable on loans secured by a deed of trust or mortgage unless certain requirements are met; provide that a deed or trust or mortgage is not enforceable against a spouse unless certain requirements are met; amend KRS 65.154 to require state-administered retirement systems and pension plans of local governments obtain spousal acknowledgement on beneficiary forms and forms where an employee selects a payment option that may include a joint and survivor annuity; amend KRS 21.540, 61.542, 61.590, 61.705, 78.5538, 161.480, 161.630, and 161.655 to conform.

AN ACT relating to consumer protection of financial interests.

Rep. Derrick Graham [D]

Rep. George Brown [D]

Date	Chamber	Action
2023-02-22	House	to Committee on Committees (H)
2023-02-22	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/23RS/hb563.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb563/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/23RS/hb563/LM.pdf