Kan. Stat. § 16a-2-307

Current through 2024 Session Acts Chapter 111
Section 16a-2-307 - [Repealed Effective 1/1/2025] (UCCC) Restrictions on interest in land as security

With respect to a consumer loan in which the finance charge exceeds 12% and the amount financed is $3,000 or less, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.

K.S.A. 16a-2-307

Repealed by L. 2024, ch. 6,§ 120, eff. 1/1/2025.
L. 1973, ch. 85, § 24; L. 1999, ch. 107, § 14; July 1.