Kansas Administrative Regulations
Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Article 17 - FINANCIAL FUTURES CONTRACTS
Section 17-17-8 - Hedging of mortgage banking operations

Universal Citation: KS Admin Regs 17-17-8

Current through Register Vol. 43, No. 52, December 26, 2024

(a) The bank shall account for financial futures contracts associated with bona fide hedging of mortgage banking operations in accordance with generally accepted accounting principles applicable to the activity.

(b) As used in this regulation, "contracts associated with bona fide hedging of mortgage banking operations" means the origination and purchase of mortgage loans for resale to investors or the issuance of mortgage-backed securities.

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