All Roll Calls
Yes: 127 • No: 1
KentuckySB 1572026 Regular SessionSenateWALLET
AN ACT relating to total net income limits on loans secured by a mortgage.
Sponsored By: Jason Howell (Republican)
Signed by Governor
Banks And Financial InstitutionsLoans, Credit, Interest, And UsuryReal Estate
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Limits mortgage originator income in Kentucky
Mortgage companies and brokers in Kentucky are limited in how much they can earn on a home mortgage. Their total net income on the loan cannot be more than the greater of $2,000 or 4% of the total loan amount. Total loan amount is the amount financed minus the originator’s income. Total net income includes fees like origination, broker, lender, discount points kept as income, processing, admin, document prep, yield spread premiums, servicing release premiums, and counseling fees. It does not include interest or fees paid to unaffiliated third parties. This limit applies only when the loan’s total points and fees are above the federal threshold in 12 C.F.R. 1026.43(e)(3).
Rule applies to new Kentucky mortgages
These rules cover mortgage contracts signed on or after the law’s effective date. Contracts signed before that date are not covered.
Sponsors & Cosponsors
Sponsor
Jason Howell
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 3/27/2026
3rd reading, passed
Yes: 89 • No: 1
Senate vote • 2/26/2026
3rd reading, passed
Yes: 38 • No: 0
Actions Timeline
signed by Governor (Acts Ch. 57)
4/8/2026delivered to Governor
3/27/2026enrolled, signed by Speaker of the House
3/27/2026enrolled, signed by President of the Senate
3/27/2026received in Senate
3/27/2026Senate3rd reading, passed 89-1
3/27/2026posted for passage in the Regular Orders of the Day for Friday, March 27 2026
3/26/20262nd reading, to Rules
3/19/2026reported favorably, 1st reading, to Calendar
3/18/2026to Banking & Insurance (H)
3/13/2026Houseto Committee on Committees (H)
2/26/2026Housereceived in House
2/26/2026House3rd reading, passed 38-0
2/26/2026posted for passage in the Regular Orders of the Day for Thursday, February 26 2026
2/25/20262nd reading, to Rules
2/25/2026reported favorably, 1st reading, to Calendar
2/24/2026to Banking & Insurance (S)
2/20/2026Senateto Committee on Committees (S)
2/3/2026Senateintroduced in Senate
2/3/2026Senate
Bill Text
Current
2/26/2026
Introduced
2/26/2026
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