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]

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.

Tracking Information

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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]

History

DateChamberAction
2022-04-08Housesigned by Governor (Acts Ch. 125)
2022-03-30Housedelivered to Governor
2022-03-30Houseenrolled, signed by President of the Senate
2022-03-30Houseenrolled, signed by Speaker of the House
2022-03-29Housereceived in House
2022-03-29Senate3rd reading, passed 36-0
2022-03-25Senatepassed over and retained in the Consent Orders of the Day
2022-03-24Senateposted for passage in the Consent Orders of the Day for Friday, March 25, 2022
2022-03-23Senate2nd reading, to Rules as a consent bill
2022-03-22Senatereported favorably, 1st reading, to Consent Calendar
2022-03-14Senateto Banking & Insurance (S)
2022-03-07Senateto Committee on Committees (S)
2022-03-07Senatereceived in Senate
2022-03-07House3rd reading, passed 91-0 with Floor Amendment (1)
2022-03-03Houseposted for passage in the Regular Orders of the Day for Friday, March 04, 2022
2022-03-03Housefloor amendment (1) filed
2022-03-03House2nd reading, to Rules
2022-03-02Housereported favorably, 1st reading, to Calendar
2022-03-01Houseto Banking & Insurance (H)
2022-02-28Houseto Committee on Committees (H)
2022-02-28Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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