Kentucky 2026 Regular Session Status: Enacted 1 R cosponsors

SB 157 — AN ACT relating to total net income limits on loans secured by a mortgage.

Last action — signed by Governor (Acts Ch. 57)

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 03, 2026. Enacted.

Signed by Governor Andy Beshear (Democratic) on April 08, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.

Bill Text

What changed in the latest version

35 added · 43 removed

Plain-language change summary

The updated version of Bill SB 157 clarifies the income limits for companies or individuals originating mortgage loans in Kentucky. Specifically, it now emphasizes that the income threshold is based on either a fixed amount of $2,000 or 4% of the loan amount, whichever is greater. Additionally, it defines “total net income” to include various types of fees that the loan originator or their affiliates may collect. These changes are important because they aim to protect consumers from potential overcharging and ensure lenders adhere to clear compensation guidelines.

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UNOFFICIAL COPY 26 RS SB 157/GA AN ACT relating to total net income limits on loans secured by a mortgage.
CHAPTER 57 1 CHAPTER 57 ( SB 157 ) AN ACT relating to total net income limits on loans secured by a mortgage.
Includes but is not limited to origination fees, broker fees, lender fees and discount points if retained by the originating licensee or person as income, processing fees, administrative fees, document preparation fees, Page 1 of 2 SB015710.100 - 1992 - XXXX 2/26/2026 2:44 PM GA UNOFFICIAL COPY 26 RS SB 157/GA yield spread premiums, servicing release premiums, and financial counseling fees;
Includes but is not limited to origination fees, broker fees, lender fees and discount points if retained by the originating licensee or person as income, processing fees, administrative fees, document preparation fees, yield spread premiums, servicing release premiums, and financial counseling fees;
Page 2 of 2 SB015710.100 - 1992 - XXXX 2/26/2026 2:44 PM GA
Signed by Governor April 8, 2026.
Legislative Research Commission PDF Version
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How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill adjusts the income limits for originating mortgage loans in Kentucky by clarifying definitions and conditions.

  • KRS 286.8-125

    whichever is greater

    Removes the phrase 'whichever is greater' for clarity.

  • KRS 286.8-125

    total net income generated by the originating licensee or person, or the affiliate of the originating licensee or person → total net income generated by the licensee or person; or an affiliate of the licensee or person;

    Repositions the phrase to clarify the definition of 'total loan amount'.

  • KRS 286.8-125

    Total net income → Total net income includes but is not limited to

    Clarifies the definition and scope of 'total net income'.

  • KRS 286.8-125

    Fees paid to compensate unaffiliated third parties;

    Removes a clause for clarity in the definition of 'total net income'.

Action History

  1. signed by Governor (Acts Ch. 57)

  2. delivered to Governor

  3. enrolled, signed by Speaker of the House

  4. enrolled, signed by President of the Senate

  5. received in Senate

  6. 3rd reading, passed 89-1

  7. posted for passage in the Regular Orders of the Day for Friday, March 27 2026

  8. 2nd reading, to Rules

  9. reported favorably, 1st reading, to Calendar

  10. to Banking & Insurance (H)

  11. to Committee on Committees (H)

  12. received in House

  13. 3rd reading, passed 38-0

  14. posted for passage in the Regular Orders of the Day for Thursday, February 26 2026

  15. 2nd reading, to Rules

  16. reported favorably, 1st reading, to Calendar

  17. to Banking & Insurance (S)

  18. to Committee on Committees (S)

  19. introduced in Senate

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 137 not signed on · 1 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (137)

137 members have not signed on to this bill.

Show all 137 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Pass

Passed 89 Yea · 1 Nay · 10 Other
Party YeaNayPresentNot Voting
Democrat 20000
Republican 681010
Unaffiliated 1000
Total 891010
% of votes cast 89%1%0%10%
How each member voted (100)
Member Party Vote
Lewis C — Yea
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Yea
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
Erika Hancock Democrat Yea
George Brown Jr. Democrat Yea
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Mary Lou Marzian Democrat Yea
Matthew Lehman Democrat Yea
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Yea
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Not Voting
Deanna Gordon Republican Yea
Derek Lewis Republican Not Voting
Emily Callaway Republican Yea
Felicia Rabourn Republican Not Voting
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Not Voting
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Nay
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Not Voting
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Not Voting
Scott Lewis Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Not Voting
Steven Rudy Republican Not Voting
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Tony Hampton Republican Not Voting
Vanessa Grossl Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Not Voting

Official roll call →

PASS SB 157

Passed 38 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 5000
Republican 33000
Total 38000
% of votes cast 100%0%0%0%
How each member voted (38)
Member Party Vote
Cassie Chambers Armstrong Democrat Yea
Gary Clemons Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Yea
Keturah J. Herron Democrat Yea
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 157 do?
Amend KRS 286.8-125 to exempt loans for which the total points and fees do not exceed the threshold set forth in 12 C.F.R. sec. 1026.43(e)(3) from total net income limits; make technical amendments; direct that the Act applies to contracts entered into on or after the effective date of the Act.
Who sponsors SB 157?
SB 157 is sponsored by Jason Howell (Republican).
What is the current status of SB 157?
This bill has been enacted into law. Introduced February 03, 2026. Enacted.
Where can I track SB 157?
Track SB 157 free on One Click Politics — get push/email alerts when it moves.

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