SB158Introduced in the Senate
AN ACT relating to products that offer benefits in connection with personal property.
Introduced by Jason Howell, District 1
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Create new sections of KRS Chapter 367 to establish regulatory requirements for vehicle financial protection products; establish the purpose of the requirements; define terms; provide that vehicle financial protection products issued before, on, or after the effective date of the Act shall not be considered insurance; establish exemptions from the regulatory requirements; provide that amounts charged or financed for vehicle financial protection products are authorized charges to be stated separately and shall not be considered a finance charge or interest; prohibit conditioning the extension of credit, terms of a loan, or terms of a related vehicle sale or lease from being conditioned on the consumer's payment for a vehicle financial protection product; establish requirements for debt waivers; establish requirements for vehicle value protection agreements; amend KRS 190.100 and create a new section of Subtitle 4 of KRS Chapter 286 to require retail installment contracts and consumer loan companies to comply with the regulatory requirements for vehicle financial protection products; amend KRS 304.1-120 to conform; direct that the Act applies to vehicle financial protection products that become effective on or after January 1, 2027; EFFECTIVE January 1, 2027.
Where it stands
signed by Governor (Acts Ch. 16)
April 3, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
2 recorded votes · each counted separately
SenateStage: Senate: Third Reading RSN# 3985 · March 25, 2026
38
Yes
0
No
0
Absent or Not Voting
38 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Jason Howell | 1 | Yes |
| Danny Carroll | 2 | Yes |
| Craig Richardson | 3 | Yes |
| Robert Mills | 4 | Yes |
| Stephen Meredith | 5 | Yes |
| Lindsey Tichenor | 6 | Yes |
| Aaron Reed | 7 | Yes |
| Gary Boswell | 8 | Yes |
| David Givens | 9 | Yes |
| Matthew Deneen | 10 | Yes |
Bill history
introduced in Senate
to Committee on Committees (S)
to Banking & Insurance (S)
reported favorably, 1st reading, to Calendar
2nd reading, to Rules
posted for passage in the Regular Orders of the Day for Thursday, February 12 2026
3rd reading, passed 37-0
received in House
to Committee on Committees (H)
to Banking & Insurance (H)
reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
2nd reading, to Rules
posted for passage in the Regular Orders of the Day for Tuesday, March 24 2026
3rd reading, passed 92-0 with Committee Substitute (1) and Committee Amendment (1-title)
received in Senate
to Rules (S)
taken from Rules
posted for passage for concurrence in House Committee Substitute (1) and Committee Amendment (1-title)
Senate concurred in Committee Substitute (1) and Committee Amendment (1-title)
passed 38-0
enrolled, signed by President of the Senate
enrolled, signed by Speaker of the House
delivered to Governor
signed by Governor (Acts Ch. 16)
Verify the information
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