Kansas § 9-2231 Loans secured by mortgages on consumer's principal residence; negative amortization and balloon payments prohibited

Kansas Statutes

§ 9-2231 — Loans secured by mortgages on consumer's principal residence; negative amortization and balloon payments prohibited

Kansas § 9-2231

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 22MORTGAGE BUSINESS

This text of Kansas § 9-2231 (Loans secured by mortgages on consumer's principal residence; negative amortization and balloon payments prohibited) 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. § 9-2231 (2026).

Text

(a)A covered transaction shall not provide for the negative amortization of principal or a balloon payment when the loan-to-value ratio at the time such covered transaction was made exceeds 100% or when the annual percentage rate of the loan exceeds the code mortgage rate unless such covered transaction is open-end, incurred to acquire or construct the consumer's principal residence or a reverse mortgage.

(b)This section shall be a part of and supplemental to the Kansas mortgage business act.

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(a) A covered transaction shall not provide for the negative amortization of principal or a balloon payment when the loan-to-value ratio at the time such covered transaction was made exceeds 100% or when the annual percentage rate of the loan exceeds the code mortgage rate unless such covered transaction is open-end, incurred to acquire or construct the consumer's principal residence or a reverse mortgage.
(b) This section shall be a part of and supplemental to the Kansas mortgage business act.