summary
Introduced
02/05/2026
02/05/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 426.522 to change the auctioneer's fee structure for judicial sales; allow advertising to be at the discretion of the master commissioner and auctioneer; allow real property to be sold at another location in the county in which the property is located if the auctioneer determines that is the best method to conduct the sale; require nonforeclosure sales to be conducted in a manner agreed to by the master commissioner or plaintiff and the auctioneer.
AI Summary
This bill modifies existing Kentucky law regarding judicial sales, which are court-ordered auctions of property. Key changes include adjusting the maximum fees auctioneers can charge, increasing the percentage for real property foreclosure sales from 6% to 10% and for personal property sales from 20% to 25%, with additional allowances for auction premiums. For other types of court-ordered sales, the auctioneer's fee will now be agreed upon by the auctioneer and the party requesting the sale, rather than being determined by the court. The bill also grants discretion to the master commissioner and auctioneer regarding the advertising of sales and allows real property to be sold at a different location within the county if the auctioneer deems it a better method for conducting the sale. Furthermore, non-foreclosure sales will now be conducted according to an agreement between the master commissioner or plaintiff and the auctioneer.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
to Licensing, Occupations, & Administrative Regulations (H) (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/hb566.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb566/orig_bill.pdf |
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