KY HB73

Maximum interest rate on medical debt capped at 3% per annum, applying to debts owed by individuals or their parents, guardians, or guarantors for health care services

Creditors who knowingly charge interest exceeding the 3% cap forfeit all interest on the debt; debtors who paid excess interest may recover twice the amount paid within 2 years

Court judgments on medical debt collection limited to 3% interest, compared to 6% for standard judgments and 12% for child support judgments

Health facility itemized statements must comply with the new medical debt interest limitations

Amends KRS Chapter 360 (interest and usury laws) and KRS 216B.250 (health facility billing requirements)