Kentucky · 2026 Regular Session · Bill
SB 157: AN ACT relating to total net income limits on loans secured by a mortgage.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 157 is a bill introduced in the Kentucky Senate on February 3, 2026. According to its official title, it concerns: AN ACT relating to total net income limits on loans secured by a mortgage. Most recent recorded action (April 8, 2026): signed by Governor (Acts Ch. 57).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| No sponsor recorded in source data. | ||||
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- signed by Governor (Acts Ch. 57)
- delivered to Governor
- enrolled, signed by Speaker of the House
- enrolled, signed by President of the Senate
- received in Senate
- 3rd reading, passed 89-1
- posted for passage in the Regular Orders of the Day for Friday, March 27 2026
- 2nd reading, to Rules
- reported favorably, 1st reading, to Calendar
- to Banking & Insurance (H)
- to Committee on Committees (H)
- received in House
Showing 12 most recent of 19 actions. Full history