Kansas Statutes
§ 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.
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Kansas § 9-2224 (Restrictions on interest in land as security; violation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 2024, ch. 6, § 4; January 1, 2025.