state_legiscan_drain · KY
AN ACT relating to total net income limits on loans secured by a mortgage.
February 3, 2026
Summary
If enacted, this bill would exempt mortgage loans with total points and fees at or below the qualified mortgage (QM) threshold under 12 C.F.R. sec. 1026.43(e)(3) from Kentucky's total net income limits. This would apply to contracts entered into on or after the effective date, giving lenders flexibility to originate loans that previously failed state income-based underwriting requirements.
Source: https://apps.legislature.ky.gov/record/26RS/sb157.html
Common questions
- What does "AN ACT relating to total net income limits on loans secured by a mortgage." cover?
- If enacted, this bill would exempt mortgage loans with total points and fees at or below the qualified mortgage (QM) threshold under 12 C.F.R. sec.…
- When was it published?
- It was published on February 3, 2026.
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