diff --git a/lbrynet/conf.py b/lbrynet/conf.py
index a236044f6..d3a960026 100644
--- a/lbrynet/conf.py
+++ b/lbrynet/conf.py
@@ -271,12 +271,15 @@ class Config(DefaultSettings):
 
 def update_settings_from_file(filename=None):
     filename = filename or settings.get_conf_filename()
-    try:
-        updates = load_settings(filename)
-        log.info("Loaded settings file: %s", updates)
-        settings.update(updates)
-    except OSError as ex:
-        log.info('%s: Failed to update settings from %s', ex, filename)
+    if os.path.isfile(filename):
+        try:
+            updates = load_settings(filename)
+            log.info("Loaded settings file: %s", updates)
+            settings.update(updates)
+        except OSError as ex:
+            log.info('%s: Failed to update settings from %s', ex, filename)
+    else:
+        log.warning("Invalid settings file path")
 
 
 settings_decoders = {
@@ -290,8 +293,7 @@ settings_encoders = {
 }
 
 
-def load_settings(path=None):
-    path = path or settings.get_conf_filename()
+def load_settings(path):
     ext = os.path.splitext(path)[1]
     with open(path, 'r') as settings_file:
         data = settings_file.read()