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Amend KRS 360.100 pertaining to high-cost home loans to delete the provision placing a cap on prepayment penalties; declare it is unlawful for any lender making a mortgage loan under this section, directly or indirectly, to make, provide, or arrange for a residential mortgage loan that requires a borrower to pay a prepayment penalty for paying all or part of the principal prior to maturity.
Latest Actions
  • 01/15/2008 - To Banking & Insurance (H)
  • 01/10/2008 - Introduced in House
Bill Text
File name Last Updated
HB27202/15/2008