HB 272 (BR 217) - R. Meeks, D. Owens, L. Belcher, T. Riner, R. Weston
AN ACT relating to high-cost home loans.
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.
Jan 10-introduced in House
Jan 15-to Banking & Insurance (H)