Kansas Administrative Regulations 75-6-32 Notification Consumer Credit Filing

75-6-32. Notification Consumer Credit filing (a) Each person subject to K.8.A... 16a 6 201 through K.8.A. 16a 6 203, and amendments thereto, consumer credit filer shall file notification notice with the administrator within 30 days after commencing business in Kansas and, thereafter, on or before April 301.ugust 31 of each year. The notification notice shall be submitted on a fo1m provided by the administrator. (b) If the business's consumer credit filer's name, status, or list oflocations contained in the notification becomes inaccurate after filing, the person consumer credit filer shall notify the administrator in writing within 30 days of the date of the change.(Authorized by K.S.A. 200()2025 Supp. 16a-6-104; implementing K.S.A. 200()2025 Supp. 16a-6-202; effective Feb. 23, 2001; amended P- .) APPROVED AUG NOV t4'2025 MAR OZ 2026 2 5 2025 ATTORNEY GENERAL DEPT. OF ADM t)MSION OF THE BUDGET INISTRATION

Kansas Administrative Regulations Economic Impact Statement (EIS) Office of the State Bank Commissioner Brock Roehler 785-379-3892 Agency Agency Contact Contact Phone Number 75-6-32 ~ Permanent □ Temporary K.A.R. Number(s) ls/Are the proposed rule(s) and regulation(s) mandated by the federal government as a requirement for paiticipating in or implementing a federally subsidized or assisted program? D Yes Ifyes, continue to fill out the remaining form to be included with the regulation packet submitted in the review process to the Depaitment of Administration and the Attorney General. Budget approval is not required; however, the Division of the Budget will require submission of a copy of the EIS at the end of the review process. ~ No If no, do the total annual implementation and compliance costs for the proposed rule(s) and regulation(s), calculated from the effective date of the rule(s) and regulation(s), exceed $1.0 million or more in implementation and compliance costs that are reasonably expected to be incurred by or passed along to businesses, local governmental units and individuals as a result of the proposed rule and regulation over the initial five-year period following adoption of such rule(s) and regulation(s) (as calculated in Section III, F)? □ Yes lf"Yes," then the agency shall not adopt the rule(s) and regulation(s) until the rule(s) and regulation(s) has been ratified by the Legislature with a bill, unless the proposed rule(s) and regulation(s) are: 1) mandated by the federal government as a requirement for paiticipating in or implementing a federally subsidized or assisted program, as described in K.S.A. 77-416(b)(l)(B), and amendments thereto; 2) temporary rule(s) and regulation(s) adopted pursuant to K.S.A. 77-722, and amendments thereto; or 3) rules and regulations adopted pursuant to K. S.A. 2-3710 (Kansas Agricultural Remediation Board). Continue to fill out the remaining EIS form to be included with the regulation packet in the review process to the Depaitment of Administration and the Attorney General. The submitted EIS will be independently analyzed by the Division of the Budget for approval. ~No If no, continue to fill out the remaining form to be included with the regulation packet submitted in the review process to the Depaitment of Administration and the Attorney General. The submitted EIS will be analyzed by the Division ofthe Budget for approval. DOB APPROVAL STAMP APPROVED MAR O 2 2026 ____DIVISION OF TI-IE BUDG Revised 07.01.2024

Section I Analysis, brief description, and cost and benefit quantification of the proposed rule(s) and regulation(s). If the approach chosen by the Kansas agency to address the policy issue is different from that utilized by agencies of contiguous states or of the federal government, the economic impact statement shall include an explanation of why the Kansas agency's rule and regulation differs. K.A.R. 75-6-32 is a regulation that currently states when a notification must be filed. The new term for "notification" was changed to "consumer credit filing" in the statute, so this has been updated. In addition, the date has changed from April 3 0 to August 31. Consumer credit filing requirements are consistent among Uniform Consumer Credit Code states. Oklahoma and Colorado have enacted the UCCC and state by statute when the filing is due. Missouri and Nebraska are not UCCC code states and do not have a similar requirement. • Section II Explain whether the proposed rule and regulation is mandated by federal law as a requirement for participating in or implementing a federally subsidized or assisted program and whether the proposed rules and regulations exceed the requirements of applicable federal law . . The proposed rules and regulations are neither mandated by federal law nor is it a requirement for pmticipation in any federally subsidized or assisted program. Section III Agency analysis specifically addressing the following: A. The extent to which the rule(s) and regulation(s) will enhance or restrict business activities and growth; The proposed amendment will have no impact on business activity. No consumer credit filer will be prohibited from filing on April 1 if they so chose. DOB APPROVAL STAMP APPROVED MAR O 2 2026 DIVISION OF THE BUDG Revised 07.01.2024

B. The economic effect, including a detailed quantification of implementation and compliance costs, on the specific businesses, sectors, public utility ratepayers, individuals, and local governments that will be affected by the proposed rule(s) and regulation(s) and on the state economy as a whole; There is no economic effect because consumer credit filers will still be in compliance with this regulation if they choose to file on April 1, which is the existing date in this regulation. C. Businesses that would be directly affected by the proposed rule(s) and regulation(s); Persons engaged in consumer credit that are not licensed as supervised lenders. Supervised lenders are required to file an annual repot1. To reduce unnecessary duplicative filings, as of 1/1/25, the UCCC no longer requires any supervised lender to also file a consumer credit filing. D. Benefits ofthe proposed rule(s) and regulation(s) compared to the costs; This regulation requires filing for the previous calendar year and allows a longer time period for consumer credit filers to provide this information. In addition, the OSBC anticipates receiving the majority of filings after July 1, which will better align the agency to the State of Kansas's fiscal year. E. Measures taken by the agency to minimize the cost and impact of the proposed rule(s) and regulation(s) on business and economic development within the State ofKansas, local government, and individuals; There should be no costs with this change F. An estimate of the total annual implementation and compliance costs that are reasonably expected to be incmTed by or passed along to businesses, local governments, or individuals. Note: Do not account for any actual or estimated cost savings that may be realized. Implementation and compliance costs determined shall be those additional costs reasonably expected to be incurred and shall be separately identified for the affected businesses, local governmental units, and individuals. Costs to Affected Businesses - $0 Costs to Local Governmental Units - $0 Costs to Individuals - $0 Total Annual Costs - $0 (sum of above amounts) Give a detailed statement of the data and methodology used in estimating the above cost estimate. Click here to enter agency response. D Yes If the total implementation and compliance costs exceed $1.0 million or more in implementation and compliance costs over the initial five-year period following No adoption of such rule(s) and regulation(s) that are reasonably expected to be incmTed ~Not by or passed along to businesses, local governmental units and individuals as a result Applicable of the proposed rnle and regulation, did the agency hold a public hearing to find that DOB APPROVAL STAMP APPROVED MAR O 2 2026 DIVISION OF THE BUDGET Revised 07.01.2024

the estimated costs have been accurately determined and are necessaiy for achieving legislative intent? If applicable, document when the public hearing was held, those in attendance, and any pertinent information from the hearing. Provide an estimate to any changes in aggregate state revenues and expenditures for the implementation of the proposed rule( s) and regulation( s ), for both the current fiscal year and next fiscal year. $0. The OSBC is a fee funded agency and would otherwise need to "save" consumer credit filing fees received in April to cover expenses in the following fiscal year. Provide an estimate of any immediate or long-range economic impact of the proposed rule( s) and regulation(s) on any individual(s), small employers, and the general public. If no dollar estimate can be given for any individual(s), small employers, and the general public, give specific reasons why no estimate is possible. $0 G. Ifthe proposed rule(s) and regulation(s) increases or decreases revenues of cities, counties or school districts, or imposes functions or responsibilities on cities, counties or school districts that will increase expenditures or fiscal liability, describe how the state agency consulted with the League of Kansas Municipalities, Kansas Association of Counties, and/or the Kansas Association of School Boai·ds. Revenues of cities, counties or school districts will not be affected. H. Describe how the agency consulted and solicited information from businesses, business associations, local governmental units, state agencies, or institutions and members ofthe public that may be affected by the proposed rule(s) and regulation(s) or may provide relevant information. For this round of regulation review, we requested comments from Rocket M01tgage, OneMain Financial, and Mo1tgage Bankers Association. No objections or concerns were noted. No local government unit, state agency, or institution was consulted.. Section IV Does the Economic Impact Statement involve any environmental rule(s) and regulation(s)? D Yes If yes, complete the remainder of Section IV. IZI No If no, skip the remainder of Section IV. DOB APPROVAL STAMP APPROVED MAR O 2 2026 DIVISION OF THE BUDG Revised 07.01.2024

I'I A. Describe the capital and annual costs of compliance with the proposed rule(s) and regulation(s), and the individuals or entities who would bear the costs. Click here to enter agency response. B. Describe the initial and annual costs of implementing and enforcing the proposed rule(s) and regulation(s), including the estimated amount of paperwork, and the state agencies, other governmental agencies, or other individuals who will bear the costs. Click here to enter agency response. C. Describe the costs that would likely accrue ifthe proposed rule(s) and regulation(s) are not adopted, the individuals or entities who will bear the costs and who will be affected by the failure to adopt the rule(s) and regulation(s). Cl ick here to enter agency response. D. Provide a detailed statement ofthe data and methodology used in estimating the costs used. Click here to enter agency response. DOB APPROVAL STAMP APPROVED MAR O 2 2026 Revised 07.01.2024 DIVISION-GF TI-lE BUOOET