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]

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.

Tracking Information

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Title

AN ACT relating to deferred deposit transactions.

Sponsors


History

DateChamberAction
2018-02-08Houseto Banking & Insurance (H)
2018-02-06Houseintroduced in House

Kentucky State Sources


Bill Comments

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