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

Kansas Statutes

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

Kansas·Ch. 16a CONSUMER CREDIT CODE·Art. 4 INSURANCE

(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 dup

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(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.

Kansas § 16a-4-110 ((UCCC) Charge for insurance in connection with a refinancing or consolidation; duplicate charges) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.