Sunday, April 27, 2008

 

Beshear To Sign Mortgage Bill Into Law.

On Monday, Gov. Steve Beshear will sign into law House Bill 552, which makes changes in Kentucky’s mortgage industry designed to protect consumers and reduce fraud. Unless stated otherwise in the bill, these changes will take effect immediately. The bill was drafted by the Office of Financial Institutions – which regulates the mortgage industry in Kentucky – in conjunction with legislators, consumer groups and industry representatives. The bill’s sponsor is Rep. Tommy Thompson (D-Owensboro).





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