Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · February 25, 2026

To Banking & Insurance (H)

Introduced February 18, 2026

House

Adjourned Sine Die

2026 Regular Session

HB656

AN ACT relating to deferred deposit transaction fees imposed by the commissioner.

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.

Banks and Financial Institutions Fees State Agencies

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This bill would require businesses that offer deferred deposit services, commonly known as payday lenders, to pay a $3 fee to the state for each transaction they process. The fee would be collected by the Department of Financial Institutions and would apply to transactions made on or after the law takes effect. Who it may affect: payday lending businesses and potentially customers who use deferred deposit or payday loan services.

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