Kansas § 16a-2-201 Finance charge for closed end consumer credit sales

Kansas Statutes

§ 16a-2-201 — Finance charge for closed end consumer credit sales

Kansas § 16a-2-201

Ch. 16aCONSUMER CREDIT CODE

Art. 2FINANCE CHARGES AND RELATED PROVISIONS

This text of Kansas § 16a-2-201 (Finance charge for closed end consumer credit sales) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 16a-2-201 (2026).

Text

(1)This section applies only to a closed-end consumer credit sale.

(2)A seller may charge a finance charge at any rate agreed to by the parties, subject, however, to the limitations on prepaid finance charges set forth in subsection (3).

(3)A seller may charge a prepaid finance charge:

(a)For any consumer credit sale, an amount not to exceed the lesser of 2% of the amount financed or $300.

(b)A prepaid finance charge permitted under this subsection is in addition to finance charges permitted under subsection (2). A prepaid finance charge permitted under this subsection is fully earned when paid and is nonrefundable, unless the parties agree otherwise in writing.

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(1) This section applies only to a closed-end consumer credit sale.
(2) A seller may charge a finance charge at any rate agreed to by the parties, subject, however, to the limitations on prepaid finance charges set forth in subsection (3).
(3) A seller may charge a prepaid finance charge:
(a) For any consumer credit sale, an amount not to exceed the lesser of 2% of the amount financed or $300.
(b) A prepaid finance charge permitted under this subsection is in addition to finance charges permitted under subsection (2). A prepaid finance charge permitted under this subsection is fully earned when paid and is nonrefundable, unless the parties agree otherwise in writing.

Legislative History

L. 1973, ch. 85, § 16; L. 1980, ch. 77, § 1; L. 1981, ch. 94, § 1; L. 1982, ch. 93, § 1; L. 1983, ch. 79, § 1; L. 1985, ch. 82, § 1; L. 1988, ch. 85, § 3; L. 1988, ch. 86, § 1; L. 1988, ch. 87, § 1; L. 1993, ch. 200, § 6; L. 1995, ch. 54, § 1; L. 1997, ch. 90, § 1; L. 1998, ch. 107, § 1; L. 1999, ch. 107, § 10; L. 2000, ch. 28, § 1; L. 2024, ch. 6, § 40; January 1, 2025.