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.

Introduced: February 18, 2026

Last action: February 25, 2026

To Banking & Insurance (H)

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This bill would require a $3 fee to be charged on each payday loan transaction, collected by the state Department of Financial Institutions. The fee applies to transactions made on or after the date the law takes effect. It updates an existing state law that governs how payday lenders report transaction data to state regulators. Who it may affect: people who use payday lending services and businesses licensed to offer payday loans in Kentucky.

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