United States — Kansas
Kansas Statutes § 9-2102 Applicability of act.
1 provisions
All trust companies must be organized and governed under the state banking code.
Act or statute Open & Chat
United States — Kansas Statutes
Browse legislation and open any statute to read or ask LexChat.
29,249 statutes · page 1,453 of 1,463
United States — Kansas
Kansas Statutes § 9-2103 Powers of trust companies; limited purpose trust companies.
1 provisions
Trust companies may exercise broad trust-business powers, and a limited-purpose trust company may be formed to use one or more of those powers.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2104 Liability of holder of stock in a trust company.
1 provisions
Some fiduciary holders of trust company stock are exempt from personal stockholder liability, and certain holders or pledgees may vote or represent the stock at meetings.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2107 Authority for the contracting for trust services; definitions; notice filing; authority of commissioner; fees; examination; branches.
1 provisions
This section lets certain trustees agree to transfer fiduciary responsibilities, but the deal needs commissioner approval before it can be carried out.
Notice Open & ChatUnited States — Kansas
Kansas Statutes § 9-2108 Trust service office; establishment or relocation; application; exemptions.
1 provisions
Trust companies generally cannot establish, operate, or relocate a trust service office unless they first apply and get the commissioner’s approval.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2111 Prohibiting out-of-state entity to establish or operate trust facility; exceptions; requirements to do business.
1 provisions
Out-of-state trust-related entities generally may not establish or operate a trust facility in Kansas unless a reciprocity condition is met, and Kansas applicants must file documents and pay a fee before opening out-of-state trust facilities.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2201 Definitions.
1 provisions
This provision defines terms used in the Kansas mortgage business act.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2202 Organizations, entities and individuals exempt from licensure.
1 provisions
Several listed banks, government entities, certain nonprofits, and some individual or no-employee business arrangements are exempt from this act’s licensing requirements.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2203 License required to conduct mortgage business; mortgage business at remote locations, requirements; registration required for a loan originator; penalty; statute of limitations for prosecution.
1 provisions
Mortgage business in this state is limited to exempt entities or licensed mortgage companies, and loan-originating activity requires prior registration and a valid identifier.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2204 Application for license for mortgage company; application for registration for loan originator; content; incomplete application.
1 provisions
Mortgage company applicants and loan originator registrants must apply to the commissioner on prescribed forms and pay at least $50 with each application.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2205 License or registration; renewal; fees, late fees, uses.
1 provisions
Licenses and registrations must be renewed on time, and late or incomplete renewals may trigger a late fee.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2206 Application denied; application abandoned; appeal.
1 provisions
An applicant may request a hearing if the commissioner misses certain licensing or renewal deadlines, or if the application is deemed abandoned.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2207 Denial, suspension or revocation of license or registration; notice; disciplinary proceedings.
1 provisions
The commissioner may deny, suspend, revoke, or refuse to renew a license or registration after notice and a hearing if listed grounds are found.
Notice Open & ChatUnited States — Kansas
Kansas Statutes § 9-2208 Availability of evidence of licensure; providing notice of certain information to consumer; contents; advertising or solicitation disclosures.
1 provisions
Licensees must show proof of licensure, give consumers a prescribed notice on time, include identifying information in mortgage solicitations and ads, keep ad records for 36 months, avoid misleading ads, and use only their licensed or registered name.
Notice Open & ChatUnited States — Kansas
Kansas Statutes § 9-2209 Powers and duties of state bank commissioner; orders to appear before commissioner; other remedies available to consumers.
1 provisions
The commissioner has broad power to regulate mortgage business activity, investigate licensees and registrants, and require filings, exams, education, fingerprinting, and cooperation.
Order Open & ChatUnited States — Kansas
Kansas Statutes § 9-2210 Fees; disposition.
1 provisions
Fees collected by the commissioner under this act must be handled under K.S.A. 75-1308 and its amendments.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2211 Bonding requirements; positive net worth requirements.
1 provisions
Applicants or licensees must file a commissioner-approved surety bond of at least $100,000 and keep positive net worth.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2212 Prohibited acts for persons licensed or registered under act.
1 provisions
Persons licensed or registered under the act must not engage in a list of prohibited mortgage-business practices, including unlicensed hiring, deceptive conduct, improper delays, false advertising, and noncompliance with applicable law.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2213 Time limit for deposit of escrow funds; records required.
1 provisions
A licensee must deposit borrower funds into an escrow account within three business days and keep detailed borrower records.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2214 Ownership of documents.
1 provisions
Original documents given to a licensee by or for a borrower belong to the borrower.
Act or statute Open & Chat