Section 9-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] [Prohibited acts](a) A mortgage company shall not make a covered transaction with an interest in land as security with an amount financed of $5,000 or less in which the annual percentage rate of the loan exceeds the code mortgage rate. A security interest taken in violation of this section shall be void.(b) This section shall be a part of and supplemental to the Kansas mortgage business act.Added by L. 2024, ch. 6,§ 4, eff. 1/1/2025.