HB 489

  • Kentucky House Bill
  • 2022 Regular Session
  • Introduced in House Feb 11, 2022
  • House
  • Senate
  • Governor

AN ACT relating to nonrecourse consumer legal funding.


Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to define terms; prohibit engaging in the business of nonrecourse consumer legal funding transactions without a license; establish licensing requirements; provide that nonrecourse consumer legal funding transactions are not loans and exempt from statute relating to interest; establish requirements for nonrecourse consumer legal funding transaction contracts; prohibit certain actions by nonrecourse consumer legal funding companies; provide for attorney communications and responsibilities; establish penalties; provide that the new subtitle on nonrecourse consumer legal funding shall not restrict the powers or duties of the Attorney General; amend KRS 286.4-410, 360.010, and 372.060 to conform.

Bill Sponsors (6)


No votes to display


Mar 29, 2022


recommitted to Appropriations & Revenue (H)

Mar 17, 2022


floor amendments (1) and (2) filed

Mar 10, 2022


2nd reading, to Rules

Mar 09, 2022


reported favorably, 1st reading, to Calendar

Mar 08, 2022


to Judiciary (H)

Feb 11, 2022


introduced in House


to Committee on Committees (H)

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

Document Format
Proposed House Floor Amendment 2
Proposed House Floor Amendment 1


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