Fabio
79 lines
4.1 KiB
Markdown
79 lines
4.1 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT relating to total net income limits on loans secured by a mortgage."
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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."
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jurisdiction: "us/states/ky"
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legislature: "Kentucky General Assembly"
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session: "2026RS"
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identifier: "SB 157"
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citation: "Kentucky SB 157 (2026RS)"
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classification: ["bill"]
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subjects: ["Banks And Financial Institutions", "Loans", "Credit", "Interest", "And Usury", "Real Estate"]
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status: "enacted"
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primary_sponsors: ["J. Howell"]
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version_count: 3
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action_count: 19
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vote_count: 2
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first_action: "2026-02-03T05:00:00+00:00"
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last_action: "2026-04-08T04:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/bf95de8a-f06d-417e-95f1-2e4b793047e3"
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source_url: "https://apps.legislature.ky.gov/record/26RS/sb157.html"
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source_hash: "d439987f2e0cbf171182953de52b33a3f469261e72edc48cb2a747896df191dc"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ky"]
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---
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# Kentucky SB 157 (2026RS) — AN ACT relating to total net income limits on loans secured by a mortgage.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb157/orig_bill.pdf)
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2. **Acts Chapter 57** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/26RS/documents/0057.pdf)
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3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb157/bill.pdf)
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## Votes
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- Pass — **89–1** (pass) · upper
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- PASS SB 157 — **38–0** (pass) · upper
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## Sponsors
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- J. Howell — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2026-02-03T05:00:00+00:00** introduced in Senate `introduction`
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- **2026-02-03T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
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- **2026-02-20T05:00:00+00:00** to Banking & Insurance (S) `referral-committee`
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- **2026-02-24T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
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- **2026-02-25T05:00:00+00:00** 2nd reading, to Rules `reading-2`
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- **2026-02-25T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Thursday, February 26 2026
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- **2026-02-26T05:00:00+00:00** 3rd reading, passed 38-0 `passage, reading-3`
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- **2026-02-26T05:00:00+00:00** received in House
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- **2026-02-26T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
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- **2026-03-13T04:00:00+00:00** to Banking & Insurance (H) `referral-committee`
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- **2026-03-18T04:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
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- **2026-03-19T04:00:00+00:00** 2nd reading, to Rules `reading-2`
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- **2026-03-26T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Friday, March 27 2026
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- **2026-03-27T04:00:00+00:00** 3rd reading, passed 89-1 `passage, reading-3`
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- **2026-03-27T04:00:00+00:00** received in Senate
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- **2026-03-27T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
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- **2026-03-27T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
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- **2026-03-27T04:00:00+00:00** delivered to Governor
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- **2026-04-08T04:00:00+00:00** signed by Governor (Acts Ch. 57) `executive-signature`
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## Source
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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).
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