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Kentucky Lawmakers Approve Bill to Give Insurers Lower Rates From Home Loan Bank

March 25, 2022

Kentucky’s General Assembly has become the only legislature so far this year to adopt a bill that could give insurers lower rates on commercial loans from the Federal Home Loan Bank system.

The Kentucky Senate this week unanimously approved House Bill 171, two months after the House passed it. The bill is now on its way to the governor’s desk.

If signed into law, the measure would give the home loan bank first priority on collateral pledged by member insurance companies, which would let the bank drop its premium charges on loans, potentially saving carriers significantly.

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