United States — Kansas
Kansas Statutes § 9-2215 Change in licensee's business; notice.
1 provisions
A licensee must notify the commissioner in writing within 10 business days after certain business changes happen.
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United States — Kansas Statutes
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United States — Kansas
Kansas Statutes § 9-2216 Retention of records; time period; inspection of records; security of records; preservation of records.
1 provisions
Licensees must keep, protect, and preserve loan-related records, make them available to the commissioner, and not destroy or falsify records to interfere with investigations or proceedings.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2216a Annual written report; penalty; consumer education fund; confidentiality of information in such report.
1 provisions
Licensees must file an annual written report with the commissioner by April 1, and late filing can trigger daily penalties.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2217 Confidentiality of examination reports; exceptions.
1 provisions
Examination reports and related correspondence are confidential, but the commissioner may disclose them in certain proceedings or to regulatory agencies.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2218 Cease and desist orders; civil fines.
1 provisions
The commissioner may order a person to stop unlawful conduct and may impose fines, penalties, restitution, disgorgement, interest, or other corrective action.
Order Open & ChatUnited States — Kansas
Kansas Statutes § 9-2219 Injunction.
1 provisions
The commissioner may go to court to stop violations and enforce compliance, and the court may grant equitable relief if properly shown.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2220 Citation of act; severability clause.
1 provisions
This section says the cited Kansas statutes are known as the Kansas mortgage business act, and it includes a severability clause.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2221 Computation of any period of time under act.
1 provisions
This section tells you how to count time periods under the act: use calendar days, do not count the starting day, include weekends and legal holidays, and if the last day falls on a weekend or legal holiday, extend to the next non-holiday weekday.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2222 Electronic writings or signatures authorized.
1 provisions
This section allows required writings or signatures to be provided electronically, and lets required mailed documents be sent electronically if the consumer agrees in writing.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2223 Applicability of provisions to covered transactions.
1 provisions
This section limits which mortgage statutes apply: some provisions apply only to covered transactions, and others apply to licensed mortgage companies.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2224 Restrictions on interest in land as security; violation.
1 provisions
A mortgage company must not make certain small covered transactions secured by land if the loan’s APR exceeds the code mortgage rate.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2225 Waiver or agreement to forego rights; settlement of claims; authorization to confess judgment prohibited; authorization in violation of section is void.
1 provisions
A consumer generally cannot give up rights under the cited mortgage-related provisions, and cannot authorize someone to confess judgment on a covered-transaction claim. Some disputed claims may be settled by agreement.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2226 Effect of violations on rights of parties; cause of action by consumer; correction of error by mortgage company; reimbursement of fees and costs.
1 provisions
This section gives consumers remedies when a mortgage company violates the covered-transaction rules, including damages, refunds, and fee reimbursement.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2227 Right to prepay unpaid balance of covered transaction.
1 provisions
A consumer may pay off the unpaid balance of a covered transaction in full at any time without penalty.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2228 Limitation on periodic finance charge for covered transactions and prepaid finance charges.
1 provisions
Covered transactions have a capped periodic finance charge and limits on prepaid finance charges, with specific exceptions for certain first-mortgage loans and transactions governed by K.S.A. 16-207(e)(4).
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2229 Additional charges allowed.
1 provisions
A mortgage company may charge certain additional fees on covered transactions, but some charges are capped and some cannot be assessed in specified situations.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2230 Late fees authorized; limitation.
1 provisions
The parties to a covered transaction may agree to late fees on overdue installments, subject to dollar and percentage caps and a one-time assessment limit.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2231 Loans secured by mortgages on consumer's principal residence; negative amortization and balloon payments prohibited.
1 provisions
Covered transactions may not include negative amortization of principal or a balloon payment when stated loan-value or rate conditions are met, unless an exception applies.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 9-2232 Appraisals required; notice to consumer of high loan-to-value mortgage; refund of certain fees after consumer withdrawals from covered transaction.
1 provisions
A mortgage company must get an appraisal before a covered transaction, give the consumer appraisal and high loan-to-value notice if the loan-to-value ratio exceeds 100%, and refund most fees if the consumer backs out within three days after notice.
Notice Open & ChatUnited States — Kansas
Kansas Statutes § 9-2233 Enforcement of default provision in agreement.
1 provisions
A default agreement in a covered consumer transaction is enforceable only if the consumer fails to make a required payment or if payment/performance/collateral realization is significantly impaired.
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