Bill > HB656

This bill amends existing law to require the commissioner of the Department of Financial Institutions to impose a $3 fee per deferred deposit transaction, which is a type of short-term loan often referred to as a "payday loan," for data that businesses offering these loans must submit to a central database. This database is used to track outstanding loans and ensure compliance with regulations. The bill specifies that this new fee applies to all deferred deposit transactions entered into on or after the date the Act becomes effective.

https://apps.legislature.ky.gov/record/26RS/hb656.html