Bill
Bill > SB219
summary
Introduced
02/20/2026
02/20/2026
In Committee
03/11/2026
03/11/2026
Crossed Over
03/11/2026
03/11/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 286.9-140 to require the commissioner of the Department of Financial Institutions to impose a $3 fee per deferred deposit transaction for data required to be submitted by a deferred deposit service business licensee; direct that the Act applies to deferred deposit transactions entered or or after the effective date of the Act.
AI Summary
This bill amends existing law to require the commissioner of the Department of Financial Institutions to impose a $3 fee per deferred deposit transaction for data that businesses offering deferred deposit transactions, often referred to as payday lenders, are required to 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 such transactions entered into on or after the bill's effective date.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
to Committee on Committees (H) (on 03/11/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/sb219.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb219/bill.pdf |
| Vote History for SB219 | https://apps.legislature.ky.gov/record/26RS/sb219/vote_history.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb219/orig_bill.pdf |
Loading...