HB 643

  • Kentucky House Bill
  • 2022 Regular Session
  • Introduced in House Feb 28, 2022
  • Passed House Mar 07, 2022
  • Passed Senate Mar 30, 2022
  • Signed by Governor Apr 08, 2022

AN ACT relating to the regulation of the mortgage loan industry.

Abstract

Amend KRS 286.8-010 to define terms; amend KRS 286.8-032 to require licensing fees and an annual assessment; amend KRS 286.8-036 to define terms; permit employees of a licensee to engage in the mortgage lending process from an alternate location if certain conditions are met; amend KRS 286.8-295 to define "employee"; require supervision and control of employees acting as mortgage loan originators; establish requirements for licensees that allow employees to engage in the mortgage lending process from alternate work locations; amend KRS 286.8-160 to prohibit records from being maintained at an alternate work location; amend KRS 286.8-170 to permit mortgage loan companies and mortgage loan brokers to utilize third-party secure storage facilities if certain conditions are met; amend KRS 286.8-100, 286.8-140, 286.8-150, 286.8-220, 286.8-255, 286.8-285, and 355.9-408 to update references to conform; make technical amendments throughout.

Bill Sponsors (1)

Votes


Actions


Apr 08, 2022

House

signed by Governor (Acts Ch. 125)

Mar 30, 2022

House

delivered to Governor

Senate

enrolled, signed by President of the Senate

House

enrolled, signed by Speaker of the House

Mar 29, 2022

House

3rd reading, passed 36-0

House

received in House

Mar 25, 2022

House

passed over and retained in the Consent Orders of the Day

Mar 24, 2022

House

posted for passage in the Consent Orders of the Day for Friday, March 25, 2022

Mar 23, 2022

House

2nd reading, to Rules as a consent bill

Mar 22, 2022

House

reported favorably, 1st reading, to Consent Calendar

Mar 14, 2022

Senate

to Banking & Insurance (S)

Mar 07, 2022

Senate

to Committee on Committees (S)

Senate

received in Senate

House

3rd reading, passed 91-0 with Floor Amendment (1)

Mar 03, 2022

House

2nd reading, to Rules

House

posted for passage in the Regular Orders of the Day for Friday, March 04, 2022

House

floor amendment (1) filed

Mar 02, 2022

House

reported favorably, 1st reading, to Calendar

Mar 01, 2022

House

to Banking & Insurance (H)

Feb 28, 2022

House

to Committee on Committees (H)

House

introduced in House

Bill Text

Bill Text Versions Format
Acts Chapter 125 PDF
Current/Final PDF
Introduced PDF

Related Documents

Document Format
Proposed House Floor Amendment 1

Sources

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