Fabio
6.7 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
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| Bill | AN ACT relating to products that offer benefits in connection with personal property. | Create new sections of KRS Chapter 367 to establish regulatory requirements for vehicle financial protection products; establish the purpose of the requirements; define terms; provide that vehicle financial protection products issued before, on, or after the effective date of the Act shall not be considered insurance; establish exemptions from the regulatory requirements; provide that amounts charged or financed for vehicle financial protection products are authorized charges to be stated separately and shall not be considered a finance charge or interest; prohibit conditioning the extension of credit, terms of a loan, or terms of a related vehicle sale or lease from being conditioned on the consumer's payment for a vehicle financial protection product; establish requirements for debt waivers; establish requirements for vehicle value protection agreements; amend KRS 190.100 and create a new section of Subtitle 4 of KRS Chapter 286 to require retail installment contracts and consumer loan companies to comply with the regulatory requirements for vehicle financial protection products; amend KRS 304.1-120 to conform; direct that the Act applies to vehicle financial protection products that become effective on or after January 1, 2027; EFFECTIVE January 1, 2027. | us/states/ky | Kentucky General Assembly | 2026RS | SB 158 | Kentucky SB 158 (2026RS) |
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enacted |
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3 | 24 | 3 | 2026-02-03T05:00:00+00:00 | 2026-04-03T04:00:00+00:00 | openstates | ocd-bill/b35bb4c7-5a5e-4d6a-b2ed-4942f8da1d18 | https://apps.legislature.ky.gov/record/26RS/sb158.html | ffad558c779f3cf9b89b77a1c147b32c0755ff24a12a823c3cc9d3c47576f311 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Kentucky SB 158 (2026RS) — AN ACT relating to products that offer benefits in connection with personal property.
Create new sections of KRS Chapter 367 to establish regulatory requirements for vehicle financial protection products; establish the purpose of the requirements; define terms; provide that vehicle financial protection products issued before, on, or after the effective date of the Act shall not be considered insurance; establish exemptions from the regulatory requirements; provide that amounts charged or financed for vehicle financial protection products are authorized charges to be stated separately and shall not be considered a finance charge or interest; prohibit conditioning the extension of credit, terms of a loan, or terms of a related vehicle sale or lease from being conditioned on the consumer's payment for a vehicle financial protection product; establish requirements for debt waivers; establish requirements for vehicle value protection agreements; amend KRS 190.100 and create a new section of Subtitle 4 of KRS Chapter 286 to require retail installment contracts and consumer loan companies to comply with the regulatory requirements for vehicle financial protection products; amend KRS 304.1-120 to conform; direct that the Act applies to vehicle financial protection products that become effective on or after January 1, 2027; EFFECTIVE January 1, 2027.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Introduced (filed) — source
- Acts Chapter 16 (committee substitute) — source
- Current/Final (committee substitute) — source
Votes
- FINAL PASSAGE OF SB 158 w/ HCS 1, HCA 1 (T) — 38–0 (pass) · upper
- PASS SB 158 — 37–0 (pass) · upper
- Pass — 92–0 (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 - 2026-02-06T05:00:00+00:00 to Banking & Insurance (S)
referral-committee - 2026-02-10T05:00:00+00:00 reported favorably, 1st reading, to Calendar
committee-passage - 2026-02-11T05:00:00+00:00 2nd reading, to Rules
reading-2 - 2026-02-11T05:00:00+00:00 posted for passage in the Regular Orders of the Day for Thursday, February 12 2026
- 2026-02-12T05:00:00+00:00 3rd reading, passed 37-0
passage, reading-3 - 2026-02-13T05:00:00+00:00 received in House
- 2026-02-13T05:00:00+00:00 to Committee on Committees (H)
referral-committee - 2026-03-05T05:00:00+00:00 to Banking & Insurance (H)
referral-committee - 2026-03-11T04:00:00+00:00 reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
committee-passage - 2026-03-12T04:00:00+00:00 2nd reading, to Rules
reading-2 - 2026-03-20T04:00:00+00:00 posted for passage in the Regular Orders of the Day for Tuesday, March 24 2026
- 2026-03-24T04:00:00+00:00 3rd reading, passed 92-0 with Committee Substitute (1) and Committee Amendment (1-title)
passage, reading-3 - 2026-03-25T04:00:00+00:00 received in Senate
- 2026-03-25T04:00:00+00:00 to Rules (S)
referral-committee - 2026-03-25T04:00:00+00:00 taken from Rules
- 2026-03-25T04:00:00+00:00 posted for passage for concurrence in House Committee Substitute (1) and Committee Amendment (1-title)
- 2026-03-25T04:00:00+00:00 Senate concurred in Committee Substitute (1) and Committee Amendment (1-title)
- 2026-03-25T04:00:00+00:00 passed 38-0
passage - 2026-03-25T04:00:00+00:00 enrolled, signed by President of the Senate
passage - 2026-03-25T04:00:00+00:00 enrolled, signed by Speaker of the House
passage - 2026-03-25T04:00:00+00:00 delivered to Governor
- 2026-04-03T04:00:00+00:00 signed by Governor (Acts Ch. 16)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b35bb4c7-5a5e-4d6a-b2ed-4942f8da1d18. Confidence: reported (aggregated from official Kentucky legislature records).