AN ACT relating to consumer protection of financial interests.

Create a new section of KRS Chapter 371 to provide that a person is not liable on loans secured by a deed of trust or mortgage unless certain requirements are met; provide that a deed or trust or mortgage is not enforceable against a spouse unless certain requirements are met; amend KRS 65.154 to require state-administered retirement systems and pension plans of local governments obtain spousal acknowledgement on beneficiary forms and forms where an employee selects a payment option that may include a joint and survivor annuity; amend KRS 21.540, 61.542, 61.590, 61.705, 78.5538, 161.480, 161.630, and 161.655 to conform.