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Kansas Stat.
2025 Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 22 - Mortgage Business
9-2224 Restrictions on interest in land as security; violation.
Universal Citation:
KS Stat § 9-2224 (2025)
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9-2224.
Restrictions on interest in land as security; violation.
(a) A mortgage company shall not make a covered transaction with an interest in land as security with an amount financed of $5,000 or less in which the annual percentage rate of the loan exceeds the code mortgage rate. A security interest taken in violation of this section shall be void.
(b) This section shall be a part of and supplemental to the Kansas mortgage business act.
History: L. 2024, ch. 6, ยง 4; January 1, 2025.
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