Regulatory Alerts2026-03-06
Kansas Administrative Regulations 75-6-31: Bond Requirements for Supervised Lenders
The Kansas Office of the State Bank Commissioner amends K.A.R. 75-6-31 to establish specific surety bond amounts for supervised lenders, setting a base of $250,000 for real property lenders and $100,000 for others. The regulation introduces a statutory cap limiting the Administrator's authority to increase bond requirements to a maximum of $1,000,000 based on defined risk factors. Additionally, the rule removes outdated language regarding real property loans that have been transferred to the Kansas Mortgage Business Act.
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