---
type: "Bill"
title: "AN ACT relating to the regulation of the mortgage loan industry."
description: "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."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2022RS"
identifier: "HB 643"
citation: "Kentucky HB 643 (2022RS)"
classification: ["bill"]
subjects: ["Administrative Regulations and Proceedings", "Banks and Financial Institutions", "Fees", "Licensing", "Loans and Credit", "State Agencies", "Technical Corrections"]
status: "enacted"
primary_sponsors: ["S. McPherson"]
version_count: 3
action_count: 21
vote_count: 2
first_action: "2022-02-28T05:00:00+00:00"
last_action: "2022-04-08T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/d4fa153b-d19d-40bc-beed-447812eda9b3"
source_url: "https://apps.legislature.ky.gov/record/22RS/hb643.html"
source_hash: "7e0de07054c830a232ee67520e6dec58a5984ab12c9ec2fa370a2ae82cecc7b8"
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 643 (2022RS) — AN ACT relating to the regulation of the mortgage loan industry.

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.

## 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/22RS/hb643/orig_bill.pdf)
2. **Acts Chapter 125** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/22RS/documents/0125.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb643/bill.pdf)

## Votes

- PASS HB 643 — **pass** (pass) · lower
- Pass — **pass** (pass) · lower

## Sponsors

- S. McPherson — primary (person)

## Timeline

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

- **2022-02-28T05:00:00+00:00** introduced in House `introduction`
- **2022-02-28T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2022-03-01T05:00:00+00:00** to Banking & Insurance (H) `referral-committee`
- **2022-03-02T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2022-03-03T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2022-03-03T05:00:00+00:00** floor amendment (1) filed `amendment-introduction`
- **2022-03-03T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Friday, March 04, 2022
- **2022-03-07T05:00:00+00:00** 3rd reading, passed 91-0 with Floor Amendment (1) `passage, reading-3`
- **2022-03-07T05:00:00+00:00** received in Senate
- **2022-03-07T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2022-03-14T04:00:00+00:00** to Banking & Insurance (S) `referral-committee`
- **2022-03-22T04:00:00+00:00** reported favorably, 1st reading, to Consent Calendar `committee-passage`
- **2022-03-23T04:00:00+00:00** 2nd reading, to Rules as a consent bill `reading-2`
- **2022-03-24T04:00:00+00:00** posted for passage in the Consent Orders of the Day for Friday, March 25, 2022
- **2022-03-25T04:00:00+00:00** passed over and retained in the Consent Orders of the Day `passage`
- **2022-03-29T04:00:00+00:00** 3rd reading, passed 36-0 `passage, reading-3`
- **2022-03-29T04:00:00+00:00** received in House
- **2022-03-30T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2022-03-30T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2022-03-30T04:00:00+00:00** delivered to Governor
- **2022-04-08T04:00:00+00:00** signed by Governor (Acts Ch. 125) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d4fa153b-d19d-40bc-beed-447812eda9b3`. Confidence: reported (aggregated from official Kentucky legislature records).