Fabio
9.4 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bill | 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. | us/states/ky | Kentucky General Assembly | 2024RS | HB 726 | Kentucky HB 726 (2024RS) |
|
|
enacted |
|
3 | 23 | 3 | 2024-02-26T05:00:00+00:00 | 2024-04-09T04:00:00+00:00 | openstates | ocd-bill/39c04b98-0925-476f-8e52-39faa35b4fb4 | https://apps.legislature.ky.gov/record/24RS/hb726.html | 5a7e611cd333650bd580077db9910292f0696e59bf066e82dbddf69b1b54a3fb | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
|
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.
- Introduced (filed) — source
- Acts Chapter 152 (committee substitute) — source
- Current/Final (committee substitute) — source
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; origin ocd-bill/39c04b98-0925-476f-8e52-39faa35b4fb4. Confidence: reported (aggregated from official Kentucky legislature records).