---
type: "Bill"
title: "AN ACT relating to total net income limits on loans secured by a mortgage."
description: "Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2026RS"
identifier: "SB 157"
citation: "Kentucky SB 157 (2026RS)"
classification: ["bill"]
subjects: ["Banks And Financial Institutions", "Loans", "Credit", "Interest", "And Usury", "Real Estate"]
status: "enacted"
primary_sponsors: ["J. Howell"]
version_count: 3
action_count: 19
vote_count: 2
first_action: "2026-02-03T05:00:00+00:00"
last_action: "2026-04-08T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/bf95de8a-f06d-417e-95f1-2e4b793047e3"
source_url: "https://apps.legislature.ky.gov/record/26RS/sb157.html"
source_hash: "d439987f2e0cbf171182953de52b33a3f469261e72edc48cb2a747896df191dc"
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 SB 157 (2026RS) — AN ACT relating to total net income limits on loans secured by a mortgage.

Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.

## 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/26RS/sb157/orig_bill.pdf)
2. **Acts Chapter 57** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/26RS/documents/0057.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb157/bill.pdf)

## Votes

- Pass — **89–1** (pass) · upper
- PASS SB 157 — **38–0** (pass) · upper

## Sponsors

- J. Howell — primary (person)

## Timeline

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

- **2026-02-03T05:00:00+00:00** introduced in Senate `introduction`
- **2026-02-03T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2026-02-20T05:00:00+00:00** to Banking & Insurance (S) `referral-committee`
- **2026-02-24T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2026-02-25T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2026-02-25T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Thursday, February 26 2026
- **2026-02-26T05:00:00+00:00** 3rd reading, passed 38-0 `passage, reading-3`
- **2026-02-26T05:00:00+00:00** received in House
- **2026-02-26T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2026-03-13T04:00:00+00:00** to Banking & Insurance (H) `referral-committee`
- **2026-03-18T04:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2026-03-19T04:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2026-03-26T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Friday, March 27 2026
- **2026-03-27T04:00:00+00:00** 3rd reading, passed 89-1 `passage, reading-3`
- **2026-03-27T04:00:00+00:00** received in Senate
- **2026-03-27T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2026-03-27T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2026-03-27T04:00:00+00:00** delivered to Governor
- **2026-04-08T04:00:00+00:00** signed by Governor (Acts Ch. 57) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bf95de8a-f06d-417e-95f1-2e4b793047e3`. Confidence: reported (aggregated from official Kentucky legislature records).