Regulatory Alerts2026-08-18
Added
2026 Kansas Consumer & Mortgage Lending Law Book Administrative Interpretations
The Office of the State Bank Commissioner maintains the validity of Administrative Interpretations No. 1001 through No. 1011 under K.S.A. 16a-6-104(1)(f). Interpretation No. 1001 permits demand features in non-real estate installment loans only for interest-only agreements. Interpretation No. 1002 requires creditors to refund credit insurance premiums within 30 days and mandates specific notice formats for assignees. Interpretation No. 1003 clarifies that charges on discretionary overdrafts are not finance charges under the Kansas Uniform Consumer Credit Code. Interpretation No. 1004 establishes conditions for excluding GAP waiver costs from finance charges, including a 30-day cancellation right and minimum $500 deductible coverage, with full compliance required by January 1, 2020. Interpretation No. 1005 addresses authorization requirements for post-loan credit insurance sales.