Summary of Original Version

Create new sections of KRS Chapter 198B to define terms; establish licensing for contractors under the Department of Housing, Buildings and Construction; prohibit any persons not licensed by the department from holding himself or herself out as a contractor; allow the department to issue contractor licenses, promulgate administrative regulations, and implement disciplinary actions; establish applicant requirements and fee limitations; provide for injunctive relief; create the contractors fund; amend various sections of KRS Chapter 367 to define terms; direct that a person may cancel a real estate goods and services contract within 5 business days; establish additional items a contractor must furnish a person prior to entering into a real estate goods or services contract with a person; prohibit additional practices by contractors; provide that this Act applies to contracts entered on or after the effective date of this Act.