---
type: "Bill"
title: "AN ACT relating to the regulation of financial institutions."
description: "Amend various sections of Subtitles 1, 2, and 3 of KRS Chapter 286, the financial services code, to consolidate statutes; make technical corrections; make numerous revisions to the required banking experience of the financial institutions commissioner; the Financial Institutions Board; prohibited practices of financial institution examiners; application of chapter to national bank or federal savings association operating subsidiaries; examination of safe deposit boxes; transaction of business by foreign financial institutions; banking definitions; the transaction of banking or trust business in this state; state bank and trust company charter requirements; national bank parity authorizations; state bank investment powers; amend KRS 286.3-095 to require reporting for changes in control of bank holding companies that own a state bank; amend KRS 286.3-145 to modify the requirements for state trust companies doing business outside of Kentucky; amend KRS 286.3-146 to modify the requirements for out-of-state trust companies to do business in Kentucky; amend KRS 286.3-690 to permit the commissioner to remove a bank employee from office; amend various Subtitle 3 of KRS Chapter 286 relating to the definition of a receivership court for an insolvent bank; national bank to state bank conversions; state bank branching powers; bank holidays; pledges of bank assets; bank dividends, bank acquisitions, bank concentration limits; interstate merger transactions; out-of-state bank powers; and banking code penalties; create new sections of Subtitles 2 and 3 of KRS Chapter 286 to establish rules of application and interpretation, and establish regulatory authority of the commissioner; amend various sections to conform; repeal various sections within Subtitles 1, 2, and 3 of KRS Chapter 286 relating to financial institution commissioner appointments, improperly influencing real estate appraisals, financial institution definitions, foreign financial institutions, banking business powers; bank officers and directors; capital requirements for banks and trust companies; bank branch requirements; installment loans, educational loans to minors, and revolving credit plans; repeal Subtitle 5 of KRS Chapter 286, relating to the chartering and regulation of state savings and loan associations, except provision relating to transacting of business by out-of-state savings and loan associations; repeal Subtitles 7 and 10 of KRS Chapter 286, relating to the licensing and regulation of industrial loan corporations and title pledge lending; repeal KRS 365.205, relating to printing requirements for personal checks; provide for the initial and staggered appointments to the Financial Institutions Board."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2024RS"
identifier: "HB 726"
citation: "Kentucky HB 726 (2024RS)"
classification: ["bill"]
subjects: ["Banks and Financial Institutions", "Corrections Impact", "Federal Laws and Regulations", "Licensing", "Local Mandate", "Secretary of State", "State Agencies", "Technical Corrections", "Trade Practices and Retailing"]
status: "enacted"
primary_sponsors: ["M. Meredith"]
version_count: 3
action_count: 23
vote_count: 3
first_action: "2024-02-26T05:00:00+00:00"
last_action: "2024-04-09T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/39c04b98-0925-476f-8e52-39faa35b4fb4"
source_url: "https://apps.legislature.ky.gov/record/24RS/hb726.html"
source_hash: "5a7e611cd333650bd580077db9910292f0696e59bf066e82dbddf69b1b54a3fb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky HB 726 (2024RS) — AN ACT relating to the regulation of financial institutions.

Amend various sections of Subtitles 1, 2, and 3 of KRS Chapter 286, the financial services code, to consolidate statutes; make technical corrections; make numerous revisions to the required banking experience of the financial institutions commissioner; the Financial Institutions Board; prohibited practices of financial institution examiners; application of chapter to national bank or federal savings association operating subsidiaries; examination of safe deposit boxes; transaction of business by foreign financial institutions; banking definitions; the transaction of banking or trust business in this state; state bank and trust company charter requirements; national bank parity authorizations; state bank investment powers; amend KRS 286.3-095 to require reporting for changes in control of bank holding companies that own a state bank; amend KRS 286.3-145 to modify the requirements for state trust companies doing business outside of Kentucky; amend KRS 286.3-146 to modify the requirements for out-of-state trust companies to do business in Kentucky; amend KRS 286.3-690 to permit the commissioner to remove a bank employee from office; amend various Subtitle 3 of KRS Chapter 286 relating to the definition of a receivership court for an insolvent bank; national bank to state bank conversions; state bank branching powers; bank holidays; pledges of bank assets; bank dividends, bank acquisitions, bank concentration limits; interstate merger transactions; out-of-state bank powers; and banking code penalties; create new sections of Subtitles 2 and 3 of KRS Chapter 286 to establish rules of application and interpretation, and establish regulatory authority of the commissioner; amend various sections to conform; repeal various sections within Subtitles 1, 2, and 3 of KRS Chapter 286 relating to financial institution commissioner appointments, improperly influencing real estate appraisals, financial institution definitions, foreign financial institutions, banking business powers; bank officers and directors; capital requirements for banks and trust companies; bank branch requirements; installment loans, educational loans to minors, and revolving credit plans; repeal Subtitle 5 of KRS Chapter 286, relating to the chartering and regulation of state savings and loan associations, except provision relating to transacting of business by out-of-state savings and loan associations; repeal Subtitles 7 and 10 of KRS Chapter 286, relating to the licensing and regulation of industrial loan corporations and title pledge lending; repeal KRS 365.205, relating to printing requirements for personal checks; provide for the initial and staggered appointments to the Financial Institutions Board.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb726/orig_bill.pdf)
2. **Acts Chapter 152** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/24RS/documents/0152.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb726/bill.pdf)

## Votes

- Pass — **pass** (pass) · lower
- PASS HB 726 W/ scs1 — **pass** (pass) · lower
- Final Passage — **pass** (pass) · lower

## Sponsors

- M. Meredith — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-02-26T05:00:00+00:00** introduced in House `introduction`
- **2024-02-26T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2024-02-27T05:00:00+00:00** to Banking & Insurance (H) `referral-committee`
- **2024-02-28T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2024-02-29T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2024-03-01T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Monday, March 04, 2024
- **2024-03-07T05:00:00+00:00** 3rd reading, passed 95-0 `passage, reading-3`
- **2024-03-08T05:00:00+00:00** received in Senate
- **2024-03-08T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2024-03-21T04:00:00+00:00** to Banking & Insurance (S) `referral-committee`
- **2024-03-26T04:00:00+00:00** reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) `committee-passage`
- **2024-03-27T04:00:00+00:00** 2nd reading, to Rules as a consent bill `reading-2`
- **2024-03-27T04:00:00+00:00** posted for passage in the Consent Orders of the Day for Thursday, March 28, 2024
- **2024-03-28T04:00:00+00:00** 3rd reading, passed 38-0 with Committee Substitute (1) `passage, reading-3`
- **2024-03-28T04:00:00+00:00** received in House
- **2024-03-28T04:00:00+00:00** to Rules (H) `referral-committee`
- **2024-03-28T04:00:00+00:00** posted for passage for concurrence in Senate Committee Substitute (1)
- **2024-03-28T04:00:00+00:00** House concurred in Senate Committee Substitute (1)
- **2024-03-28T04:00:00+00:00** passed 91-1 with Committee Substitute (1) `passage`
- **2024-03-28T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2024-03-28T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2024-03-28T04:00:00+00:00** delivered to Governor
- **2024-04-09T04:00:00+00:00** signed by Governor (Acts Ch. 152) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/39c04b98-0925-476f-8e52-39faa35b4fb4`. Confidence: reported (aggregated from official Kentucky legislature records).