Kansas § 16a-2-301 (UCCC) Authority to make or service supervised loans

Kansas Statutes

§ 16a-2-301 — (UCCC) Authority to make or service supervised loans

Kansas § 16a-2-301

Ch. 16aCONSUMER CREDIT CODE

Art. 2FINANCE CHARGES AND RELATED PROVISIONS

This text of Kansas § 16a-2-301 ((UCCC) Authority to make or service supervised loans) 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-2-301 (2026).

Text

(1)Unless a person is exempt from licensing pursuant to K.S.A. 2024 Supp. 16a-2-311, and amendments thereto, such person shall not engage in the business of:

(a)Making supervised loans; or

(b)taking assignments of and directly or indirectly, including through the use of supervised loans servicing contracts or otherwise, and either:

(i)Undertaking collection of payments from debtors arising from supervised loans; or

(ii)enforcing rights against debtors arising from supervised loans.

(2)If any person is engaged in the business of subsection (1)(b), such person shall promptly apply for a license and may for three months collect and enforce without such license, provided such person's application has not been denied.

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(1) Unless a person is exempt from licensing pursuant to K.S.A. 2024 Supp. 16a-2-311, and amendments thereto, such person shall not engage in the business of:
(a) Making supervised loans; or
(b) taking assignments of and directly or indirectly, including through the use of supervised loans servicing contracts or otherwise, and either:
(i) Undertaking collection of payments from debtors arising from supervised loans; or
(ii) enforcing rights against debtors arising from supervised loans.
(2) If any person is engaged in the business of subsection (1)(b), such person shall promptly apply for a license and may for three months collect and enforce without such license, provided such person's application has not been denied.

Legislative History

L. 1973, ch. 85, § 18; L. 1980, ch. 76, § 6; L. 1985, ch. 83, § 1; L. 1988, ch. 85, § 5; L. 2009, ch. 29, § 16; L. 2024, ch. 6, § 42; January 1, 2025.