AN ACT relating to debts.

Summary

The bill requires every Kentucky deferred‑deposit service licensee to upload detailed transaction information to a common, internet‑accessible database overseen by the commissioner. It also lets the commissioner impose a fee of up to three dollars per transaction, which may be charged to the customer. The database is meant to help detect fraud, ensure compliance with federal rules, and track violations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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