Regulatory Alerts2022-01-01
Kansas Office of the State Bank Commissioner Guidance on Remote Work Under the Uniform Consumer Credit Code
The Kansas Office of the State Bank Commissioner issued guidance clarifying that remote offices for Supervised Loan Licensees and Credit Notification Filers are not considered licensed places of business, thereby exempting them from licensing and annual fees. The document mandates that all consumer credit activities must be conducted from an official, customer-facing licensed location and requires companies to maintain accessible records and enforce strict information security protocols for remote workers. Supervised entities remain fully liable for employee conduct and must implement written policies to ensure compliance with the Kansas Uniform Consumer Credit Code while working remotely.
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