KY HB88 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 18-3)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor (Acts Ch. 76)
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Moderate Partisan Bill (Republican 18-3)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor (Acts Ch. 76)
Text: Latest bill text (Enrolled) [PDF]
Summary
Repeals, reenacts, and amends KRS 286.2-685 as a new section of Subtitle 3 of KRS Chapter 286 to make technical amendments, to remove prohibition against use of financial institution names in certain marketing and solicitations, and to establish a civil penalty for violation; amends KRS 324.160 to establish that violation of section regulating real estate service agreements by real estate licensees is improper conduct; creates a new section of KRS Chapter 367 to prohibit the use of financial institution names in the marketing and solicitations of persons who are not financial institutions in certain circumstances, to authorize enforcement by the Attorney General and any trade organization representing one or more financial institution industries, and to establish remedies for violation; creates a new section of KRS Chapter 367 to regulate certain real estate service agreements, to make recording of certain real estate service agreements a crime, to provide penalties for violation of recording prohibition, to authorize enforcement of the section by the Attorney General, and to authorize the Attorney General to promulgate administrative regulations; makes certain violations unfair, false, misleading, or deceptive trade practices in violation of KRS 367.170; provides that the provisions of the Act are severable; RETROACTIVE, in part; EMERGENCY.
Title
AN ACT relating to unlawful trade practices and declaring an emergency.
Sponsors
Roll Calls
2024-03-27 - House - House: Third Reading RCS# 381 (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2024-03-22 - Senate - Senate: Third Reading W/sca1 RSN# 3038 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-17 - House - House: Third Reading RCS# 16 (Y: 93 N: 0 NV: 0 Abs: 5) [PASS]
2024-03-22 - Senate - Senate: Third Reading W/sca1 RSN# 3038 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-17 - House - House: Third Reading RCS# 16 (Y: 93 N: 0 NV: 0 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-04 | House | signed by Governor (Acts Ch. 76) |
| 2024-03-27 | House | delivered to Governor |
| 2024-03-27 | House | enrolled, signed by President of the Senate |
| 2024-03-27 | House | enrolled, signed by Speaker of the House |
| 2024-03-27 | House | passed 96-0 |
| 2024-03-27 | House | House concurred in Senate Committee Amendment (1) |
| 2024-03-26 | House | posted for passage for concurrence in Senate Committee Amendment (1) |
| 2024-03-25 | House | to Rules (H) |
| 2024-03-25 | House | received in House |
| 2024-03-22 | Senate | 3rd reading, passed 36-0 with Committee Amendment (1) |
| 2024-03-21 | Senate | passed over and retained in the Orders of the Day |
| 2024-03-15 | Senate | posted for passage in the Regular Orders of the Day for Thursday, March 21, 2024 |
| 2024-02-28 | Senate | 2nd reading, to Rules |
| 2024-02-27 | Senate | reported favorably, 1st reading, to Calendar with Committee Amendment (1) |
| 2024-01-22 | Senate | to Banking & Insurance (S) |
| 2024-01-18 | Senate | to Committee on Committees (S) |
| 2024-01-18 | Senate | received in Senate |
| 2024-01-17 | House | 3rd reading, passed 93-0 with Committee Substitute (1) and Floor Amendment (1) |
| 2024-01-16 | House | floor amendment (1) filed to Committee Substitute |
| 2024-01-12 | House | posted for passage in the Regular Orders of the Day for Tuesday, January 16, 2024 |
| 2024-01-11 | House | 2nd reading, to Rules |
| 2024-01-10 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
| 2024-01-09 | House | to Banking & Insurance (H) |
| 2024-01-02 | House | to Committee on Committees (H) |
| 2024-01-02 | House | introduced in House |
Subjects
Administrative Regulations and Proceedings
Advertising
Banks and Financial Institutions
Consumer Affairs
Contracts
Corrections Impact
Effective Dates, Emergency
Local Mandate
Real Estate
Retroactive Legislation
Trade Practices and Retailing
Advertising
Banks and Financial Institutions
Consumer Affairs
Contracts
Corrections Impact
Effective Dates, Emergency
Local Mandate
Real Estate
Retroactive Legislation
Trade Practices and Retailing
