§ 16a-4-110 — (UCCC) Charge for insurance in connection with a refinancing or consolidation; duplicate charges

Kansas § 16a-4-110

• Jurisdiction: Kansas
• Ch. 16a: CONSUMER CREDIT CODE
• Art. 4: INSURANCE

Text

(1) A creditor may not contract for or receive a separate charge for insurance in connection with a refinancing or a consolidation, unless:
(a) The consumer agrees at or before the time of refinancing or consolidation that the charge may be made;
(b) the consumer is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which said consumer would have been entitled had there been no refinancing or consolidation;
(c) the consumer receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated; and
(d) the charge does not exceed the amount permitted by this article.
(2) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.

Legislative History

L. 1973, ch. 85, § 70; L. 1993, ch. 200, § 13; L. 2024, ch. 6, § 89; January 1, 2025.