AN ACT relating to total net income limits on loans secured by a mortgage.
About This Bill
Latest Action · Apr 8, 2026
signed by Governor (Acts Ch. 57)
Session
2026RS
Introduced
Feb 3, 2026
Primary Sponsor
J. Howell· primary
Summary
Highlight any text to annotate
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.
Subjects
Banks And Financial InstitutionsLoans, Credit, Interest, And UsuryReal Estate