United States — Kansas
Kansas Statutes § 9-2320 Privacy; protection in court proceedings; exception.
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In covered court proceedings, privacy must be protected if a trustee, custodian, trustor, or beneficiary petitions the court.
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United States — Kansas
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In covered court proceedings, privacy must be protected if a trustee, custodian, trustor, or beneficiary petitions the court.
United States — Kansas
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Defines “form” and lets the commissioner review a form on written request, but only with informational comments, not approval or endorsement.
United States — Kansas
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The commissioner must adopt necessary rules and regulations by January 1, 2022. The state bank commissioner’s office may make contracts for technical and professional services, and those contracts are exempt from certain procurement statutes.
United States — Kansas
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A fiduciary financial institution and a fidfin trust may set an interest rate or charge by written agreement, with no maximum rate or usury restriction applying between them.
United States — Kansas
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Creates a fund, puts the secretary of commerce in charge, and requires monthly transfers of interest earnings into the fund.
United States — Kansas
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The commissioner must grant a conditional charter and set up a pilot program for the Beneficient company, with a $1,000,000 initial fee and a $9,000,000 distribution requirement.
United States — Kansas
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An interest held in a fidfin trust is not void or invalid because of a common law rule.
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A qualifying business trust is classified for tax purposes under the federal internal revenue code, despite K.S.A. 17-2035.
United States — Kansas
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This act may be cited as the Kansas earned wage access services act, and it does not apply to certain regulated banking entities and some subsidiaries.
United States — Kansas
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This article defines key terms used in Kansas earned wage access services law.
United States — Kansas
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Earned wage access services providers must register with the commissioner, file a registration application and fee, and renew before expiry.
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Applicants and registrants must file a commissioner-approved surety bond and keep it in the required form, amount, and duration.
United States — Kansas
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Kansas-registered providers offering earned wage access must follow disclosure, payment, cancellation, complaint-handling, privacy, and repayment rules.
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Registered persons may not use listed collection, fee, disclosure, credit, or eligibility practices against consumers.
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Earned wage access services provided by a registrant under this chapter are not treated as a loan, credit, money transmission, or related interest/finance charge.
United States — Kansas
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Registrants must file an annual report by April 1 each year and report certain events within 15 calendar days; the report information is confidential, and late reports can trigger a $100-per-day penalty.
United States — Kansas
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Registrants must keep certain business and contract records, give them to the commissioner within three business days of a request, and may send records electronically if the commissioner allows it.
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The commissioner may deny, suspend, revoke, or refuse to renew a registration if specified grounds are found after notice and a hearing.
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The commissioner must administer this act and has broad powers to make rules, investigate registrants, collect fees, order conduct to stop, share information, require criminal history checks, issue guidance, and use licensing-system reporting.
United States — Kansas
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The commissioner may issue orders, including emergency cease-and-desist orders, when a person is violating or about to violate the act, and may impose fines and other remedies.