republic-os/legislation/us/states/ky/2022rs/hb-494.md

---
type: "Bill"
title: "AN ACT relating to student education loan servicing."
description: "Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to make findings; define terms; establish licensing requirements for certain student education loan servicers; establish records requirements for student education loan servicers; require annual and other reports by student education loan servicers; require student education loan servicers to pay an annual assessment fee; prohibit student education loan servicers from engaging in abusive acts and practices and prohibit other conduct; require student education loan servicers to comply with federal and state law; permit the commissioner to conduct examinations and investigations of student education loan servicers; establish requirements for conditioning, denying, suspending, or revoking the license of a student education loan servicers; establish regulatory provisions relating to emergency orders, administrative complaints, and appeals; establish penalties; amend KRS 452.005 to conform; state that provisions of the Act shall be severable; provide that Act may be cited as the Student Education Loan Servicing, Licensing, and Protection Act of 2022."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2022RS"
identifier: "HB 494"
citation: "Kentucky HB 494 (2022RS)"
classification: ["bill"]
subjects: ["Administrative Regulations and Proceedings", "Banks and Financial Institutions", "Education", "Finance", "Education", "Higher", "Federal Laws and Regulations", "Fees", "General Assembly", "Licensing", "Loans and Credit", "Reports Mandated", "Short Titles and Popular Names", "State Agencies"]
status: "enacted"
primary_sponsors: ["B. Rowland", "D. Frazier Gordon", "N. Kirk-McCormick", "P. Minter", "R. Palumbo"]
version_count: 3
action_count: 27
vote_count: 4
first_action: "2022-02-14T05:00:00+00:00"
last_action: "2022-04-07T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/7c27abc4-847c-487b-8f08-a269ce2d941a"
source_url: "https://apps.legislature.ky.gov/record/22RS/hb494.html"
source_hash: "6b217187e5f6e16bfcb68f0bb3c1ae82ee5326580f7abf19beafc225bcde5092"
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 494 (2022RS) — AN ACT relating to student education loan servicing.

Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to make findings; define terms; establish licensing requirements for certain student education loan servicers; establish records requirements for student education loan servicers; require annual and other reports by student education loan servicers; require student education loan servicers to pay an annual assessment fee; prohibit student education loan servicers from engaging in abusive acts and practices and prohibit other conduct; require student education loan servicers to comply with federal and state law; permit the commissioner to conduct examinations and investigations of student education loan servicers; establish requirements for conditioning, denying, suspending, or revoking the license of a student education loan servicers; establish regulatory provisions relating to emergency orders, administrative complaints, and appeals; establish penalties; amend KRS 452.005 to conform; state that provisions of the Act shall be severable; provide that Act may be cited as the Student Education Loan Servicing, Licensing, and Protection Act of 2022.

## 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/hb494/orig_bill.pdf)
2. **Acts Chapter 88** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/22RS/documents/0088.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb494/bill.pdf)

## Votes

- Final Passage — **pass** (pass) · lower
- PASS HB 494 w/ scs1 — **pass** (pass) · lower
- Suspend the Rules — **fail** (fail) · lower
- Pass — **pass** (pass) · lower

## Sponsors

- B. Rowland — primary (person)
- D. Frazier Gordon — primary (person)
- N. Kirk-McCormick — primary (person)
- P. Minter — primary (person)
- R. Palumbo — primary (person)

## Timeline

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

- **2022-02-14T05:00:00+00:00** introduced in House `introduction`
- **2022-02-14T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2022-02-22T05:00:00+00:00** to Banking & Insurance (H) `referral-committee`
- **2022-02-23T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2022-02-23T05:00:00+00:00** floor amendment (1) filed `amendment-introduction`
- **2022-02-24T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2022-02-25T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Monday, February 28, 2022
- **2022-03-09T05:00:00+00:00** floor amendment (2) filed `amendment-introduction`
- **2022-03-10T05:00:00+00:00** 3rd reading, passed 94-2 with Floor Amendment (2) `passage, reading-3`
- **2022-03-11T05:00:00+00:00** received in Senate
- **2022-03-11T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2022-03-16T04:00:00+00:00** to Banking & Insurance (S) `referral-committee`
- **2022-03-22T04:00:00+00:00** reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) `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 with Committee Substitute (1) `passage, reading-3`
- **2022-03-29T04:00:00+00:00** received in House
- **2022-03-29T04:00:00+00:00** to Rules (H) `referral-committee`
- **2022-03-29T04:00:00+00:00** taken from Rules (H)
- **2022-03-29T04:00:00+00:00** posted for passage for concurrence in Senate Committee Substitute (1)
- **2022-03-30T04:00:00+00:00** House concurred in Senate Committee Substitute (1)
- **2022-03-30T04:00:00+00:00** passed 93-0 `passage`
- **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
- **2022-04-07T04:00:00+00:00** signed by Governor (Acts Ch. 88) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7c27abc4-847c-487b-8f08-a269ce2d941a`. Confidence: reported (aggregated from official Kentucky legislature records).