Kentucky legislation · 2026 Regular Session
Kentucky HB566: AN ACT relating to judicial sales.
Status: Signed into law, April 13, 2026
Amend KRS 426.522 to change the auctioneer's fee structure for judicial sales; allow advertising to be at the discretion of the master commissioner and auctioneer; allow real property to be sold at another location in the county in which the property is located if the auctioneer determines that is the best method to conduct the sale; require nonforeclosure sales to be conducted in a manner agreed to by the master commissioner or plaintiff and the auctioneer.
What the bill says
An act relating to judicial sales.
From the committee substitute text:
AN ACT relating to judicial sales. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 426.522 is amended to read as follows: (1) If real or personal property is sold at public sale under any order or decree of any court in this state, then the court under whose jurisdiction the sale is to be made may secure the services of an auctioneer licensed in this state to conduct the public sale, fix the auctioneer's fee, and order the fee to be paid out of the proceeds of the sale. The fee: (a) When the sale is the result of a foreclosure process initiated upon the request of a creditor or mortgage holder: 1. Shall not exceed ten percent (10%)[six percent (6%)] of the sale price on sales of real property, which may be an auction premium or commission charged to the sale of the property; and 2. Shall not exceed twenty-five percent (25%)[twenty percent (20%)] of the sale price on sales of personal property. Notwithstanding this subparagraph, the fee for sales of personal property may include an additional auction premium of up to ten percent (10%) of the sale price; (b) In the instance of any other court-ordered or court-decreed sale of real or personal property,[ the fee paid the auctioneer] shall be …
Sponsors
- David Meade (R, HD-080) · primary sponsor
Latest actions
- : signed by Governor (Acts Ch. 113)
- : delivered to Governor
- : enrolled, signed by President of the Senate
- : enrolled, signed by Speaker of the House
- : passed 93-0
- : House concurred in Committee Substitute (1)
- : posted for passage for concurrence in Senate Committee Substitute (1)
- : to Rules (H)
- : received in House
- : 3rd reading, passed 38-0 with Committee Substitute (1)
Votes
- Senate: Floor Vote (SCS 1) RSN# 4056 (March 31, 2026): 38 yea, 0 nay, passed
- House: Final Passage RCS# 405 (March 31, 2026): 93 yea, 0 nay, passed
- House: Pass RCS# 259 (March 16, 2026): 95 yea, 0 nay, passed
Subjects: Property, Courts, Real Estate, Auctioneers, Judges And Court Commissioners
Common questions
- What is HB566?
- HB566 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to judicial sales.
- What does HB566 do?
- In its own words: An act relating to judicial sales.
- What is the status of HB566?
- Signed into law as of April 13, 2026. Latest action: signed by Governor (Acts Ch. 113) (April 13, 2026).
- Who sponsored HB566?
- David Meade (R, HD-080).
- Where is the official record for HB566?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb566.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.