KY HB317 | 2018 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 6 2018 - 25% progression, died in committee
Action: 2018-02-08 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 6 2018 - 25% progression, died in committee
Action: 2018-02-08 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
Create a new section of Subtitle 9 of KRS Chapter 286 to establish definitions for "available resources," "expenses," and "relevant period"; require deferred deposit service business licensees to verify a customer's available resources and expenses during each relevant period; prohibit licensees from entering into a deferred deposit transaction if the licensee determines that a customer's expenses exceed a customer's available resources during any relevant period.
Title
AN ACT relating to deferred deposit transactions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-08 | House | to Banking & Insurance (H) |
| 2018-02-06 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/18RS/HB317.htm |
| Text | http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB317/bill.pdf |
