Kansas Administrative Regulations
Agency 75 - STATE BANK COMMISSIONER-CONSUMER AND MORTGAGE LENDING DIVISION
Article 6 - UNIFORM CONSUMER CREDIT CODE
Section 75-6-9 - Additional charges
Universal Citation: KS Admin Regs 75-6-9
Current through Register Vol. 43, No. 39, September 26, 2024
(a) The charges enumerated in K.S.A. 16a-2-501(1)(d), and amendments thereto, shall be considered "additional charges in connection with a consumer credit transaction" if the charges meet the following requirements:
(1) Are made under conditions that permit
their exclusion from the definition of "finance charge" under K.S.A. 16a-1-301(22) and amendments thereto; and
(2) are payable to a third party who is not
related to the creditor, except as allowed by K.S.A. 16a-1-301(10)(b) and
amendments thereto.
(b) Additional charges shall be considered "in connection with a consumer credit transaction," as used in K.S.A. 16a-2-501 and amendments thereto and subsection (a) of this regulation, if either of the following conditions is met:
(1) In relation to insurance premiums, the
creditor or a person related to the creditor receives a commission on any
insurance sold on the same day on which the consumer credit transaction was
consummated.
(2) In relation to all
other additional charges, the charges are made for goods, services, or both
rendered within one month before or after the consummation of the consumer
credit transaction.
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