Kentucky legislation · 2026 Regular Session
Kentucky SB219: AN ACT relating to debts.
Status: Chaptered, April 12, 2026
Amend KRS 286.9-140 to require the commissioner of the Department of Financial Institutions to impose a $3 fee per deferred deposit transaction for data required to be submitted by a deferred deposit service business licensee; direct that the Act applies to deferred deposit transactions entered or or after the effective date of the Act.
What the bill says
An act relating to debts.
From the introduced text:
AN ACT relating to debts. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 286.9-100 is amended to read as follows: (1) (a) Any fee charged by a licensee for cashing a check or entering into a deferred deposit transaction shall be disclosed in writing to the bearer of the check prior to cashing the check or entering into a deferred deposit transaction, and the fee shall be deemed a service fee and not interest. (b) A licensee shall not charge a service fee in excess of fifteen dollars ($15) per one hundred dollars ($100) on the face amount of a deferred deposit check. A licensee shall prorate any fee, based upon the maximum fee of fifteen dollars ($15) per one hundred dollars ($100). This service fee shall be for a period of at least fourteen (14) days. (2) Before a licensee shall deposit with any bank or other depository institution a check cashed by the licensee, the check shall be endorsed with the actual name under which the licensee is doing business. (3) A licensee shall not cash a check payable to a payee other than a natural person unless the licensee has previously obtained appropriate documentation from the board of directors or similar governing body of the payee clearly indicating the authority …
Sponsors
- Jason Howell (R, SD-001) · primary sponsor
Latest actions
- : became law without Governor's Signature (Acts Ch. 98)
- : filed without Governor's signature with the Secretary of State
- : delivered to Governor
- : enrolled, signed by Speaker of the House
- : enrolled, signed by President of the Senate
- : passed 32-6
- : Senate concurred in Committee Substitute (1), Floor Amendment (1) and Committee Amendment (1-title)
- : passed over and retained for concurrence in House Committee Substitute (1), Floor Amendment (1) and Committee Amendment (1-title)
- : posted for passage for concurrence in House Committee Substitute (1), Floor Amendment (1) and Committee Amendment (1-title)
- : taken from Rules
Votes
- Senate: FINAL PASSAGE OF SB 219 w/ HCS 1, HFA 1, HCA 1 (T) (HCS 1) RSN# 4076 (March 31, 2026): 32 yea, 6 nay, passed
- House: Pass RCS# 333 (March 26, 2026): 87 yea, 5 nay, passed
- Senate: PASS SB 219 RSN# 3902 (March 10, 2026): 38 yea, 0 nay, passed
Subjects: State Agencies, Fees, Banks And Financial Institutions
Common questions
- What is SB219?
- SB219 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to debts.
- What does SB219 do?
- In its own words: An act relating to debts.
- What is the status of SB219?
- Chaptered as of April 12, 2026. Latest action: became law without Governor's Signature (Acts Ch. 98) (April 12, 2026).
- Who sponsored SB219?
- Jason Howell (R, SD-001).
- Where is the official record for SB219?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb219.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.