9-2206 Application denied; application abandoned; appeal.
9-2206. Application denied; application abandoned; appeal. (a) If the commissioner fails to issue a license or registration within 60 days or grant a renewal within 30 days after an application is deemed complete by the commissioner, the applicant may make written request for a hearing. The commissioner shall conduct a hearing in accordance with the […]
9-2207 Denial, suspension or revocation of license or registration; notice; disciplinary proceedings.
9-2207. Denial, suspension or revocation of license or registration; notice; disciplinary proceedings. (a) The commissioner may deny, suspend, revoke, or refuse to renew a license or registration issued pursuant to this act, if the commissioner finds, after notice and opportunity for a hearing conducted in accordance with the provisions of the administrative procedures act, that: […]
9-2208 License; display; signed acknowledgment; contents; advertising or solicitation disclosure.
9-2208. License; display; signed acknowledgment; contents; advertising or solicitation disclosure. (a) Each licensee shall make available the evidence of licensure of each licensed location in a way that reasonably assures recognition by consumers and members of the general public. (b) Prior to entering into any contract for the provision of services or prior to the […]
9-2209 State bank commissioner, powers and duties.
9-2209. State bank commissioner, powers and duties. (a) The commissioner may exercise the following powers: (1) Adopt rules and regulations as necessary to carry out the intent and purpose of this act and to implement the requirements of applicable federal law; (2) make investigations and examinations of the licensee’s or registrant’s operations, books and records […]
9-2210 Fees; disposition.
9-2210. Fees; disposition. All fees collected by the commissioner pursuant to this act shall be subject to the provisions of K.S.A. 75-1308, and amendments thereto. History: L. 1996, ch. 175, § 10; April 25.
9-2211 Bonding requirements; minimum net worth requirements.
9-2211. Bonding requirements; minimum net worth requirements. (a) Each applicant or licensee who maintains a bona fide office shall file with the commissioner a surety bond in the amount of not less than $50,000, in a form acceptable to the commissioner, issued by an insurance company authorized to conduct business in this state, securing the […]
9-2212 Prohibited acts for persons licensed or registered under act.
9-2212. Prohibited acts for persons licensed or registered under act. No person required to be licensed or registered under this act shall directly or indirectly: (a) Pay compensation to, contract with or employ in any manner, any person engaged in mortgage business who is not properly licensed or registered, unless such person meets the requirements […]
9-2213 Time limit for deposit of escrow funds; records required.
9-2213. Time limit for deposit of escrow funds; records required. (a) Within three business days of receipt a licensee shall deposit all fees and money received from a borrower prior to the time a loan is consummated in an escrow account in a bank, savings bank, savings and loan association or credit union incorporated under […]
9-2214 Ownership of documents.
9-2214. Ownership of documents. All original documents provided to the licensee by the borrower or at the expense of the borrower, including any appraisals, are the property of the borrower and at the borrower’s request, shall be returned to the borrower without further expense if the loan is not consummated. History: L. 1999, ch. 45, […]
9-2215 Change in licensee’s business; notice.
9-2215. Change in licensee’s business; notice. (a) A licensee shall provide written notice to the commissioner within 10 business days of the occurrence of any of the following events: (1) The closing or relocation of the principal place of business or any branch office; (2) a change in the licensee’s name or legal entity status; […]