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Create a new section of KRS Chapter 198A to permit the Kentucky Homeownership Protection Center to be established by or through the Kentucky Housing Corporation; declare the purpose of the center to be providing a centralized location for information on public services to assist a homeowner who is in default or in danger of default on a home loan; create a new section of Subtitle 2 of KRS Chapter 286 to require the mortgagee to provide to the homeowner at the time of closing any brochure, pamphlet, or brief document prepared or approved by the Kentucky Housing Corporation that describes services provided by the center; create a new section of Subtitle 2 of KRS Chapter 286 to declare it is unlawful for a person in the course of a mortgage transaction to improperly influence the development, report, result, or review of a real estate appraisal in connection with a mortgage loan; amend KRS 286.8-010 to define terms; amend KRS 286.8-020 to clarify who is subject to the subtitle; establish procedure [...]

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Latest Actions
  • 04/24/2008 - Signed by Governor (Acts Ch. 175)
  • 04/15/2008 - Enrolled, signed by President of the Senate; delivered to Governor
  • 04/14/2008 - Floor amendment (3-title) filed ; enrolled, signed by Speaker of the House
  • 04/02/2008 - 3rd reading, passed 36-0 with floor amendments (1) and (2) ; received in House; to Rules (H); posted for passage for concurrence in Senate floor amendments (1) and (2) ; taken from Rules; House concurred in Senate floor amendments (1) and (2) ; passed 86-7
  • 04/01/2008 - Passed over and retained in the Orders of the Day; floor amendment (2) filed

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Bill Text
File name Last Updated
HB55202/15/2008