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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

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Caps on lender fees for Kentucky mortgages

The law caps what a Kentucky mortgage lender and its affiliates can keep from your loan. They cannot collect more than the greater of $2,000 or 4% of the total loan amount. For this cap, the total loan amount is the amount financed minus the lender’s retained income. Total net income includes most lender fees, like origination, broker, processing, document, discount points kept, yield spread and servicing release premiums, and counseling fees. It excludes interest and fees paid to unaffiliated third parties. The cap does not apply if the loan’s total points and fees are at or below the federal limit in 12 C.F.R. 1026.43(e)(3). It applies to new Kentucky home loans signed on or after the law’s effective date.

Sponsors & Cosponsors

Sponsor

  • Jason Howell

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 127 • No: 1

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

  1. signed by Governor (Acts Ch. 57)

    4/8/2026

  2. delivered to Governor

    3/27/2026

  3. enrolled, signed by Speaker of the House

    3/27/2026Senate

  4. enrolled, signed by President of the Senate

    3/27/2026Senate

  5. received in Senate

    3/27/2026Senate

  6. 3rd reading, passed 89-1

    3/27/2026House

  7. posted for passage in the Regular Orders of the Day for Friday, March 27 2026

    3/26/2026House

  8. 2nd reading, to Rules

    3/19/2026House

  9. reported favorably, 1st reading, to Calendar

    3/18/2026House

  10. to Banking & Insurance (H)

    3/13/2026House

  11. to Committee on Committees (H)

    2/26/2026House

  12. received in House

    2/26/2026House

  13. 3rd reading, passed 38-0

    2/26/2026Senate

  14. posted for passage in the Regular Orders of the Day for Thursday, February 26 2026

    2/25/2026Senate

  15. 2nd reading, to Rules

    2/25/2026Senate

  16. reported favorably, 1st reading, to Calendar

    2/24/2026Senate

  17. to Banking & Insurance (S)

    2/20/2026Senate

  18. to Committee on Committees (S)

    2/3/2026Senate

  19. introduced in Senate

    2/3/2026Senate

Bill Text

  • Current

    2/26/2026

    PDF

  • Introduced

    2/26/2026

    PDF

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