Kansas Statutes 12-5260. Same; definitions
Terms Used In Kansas Statutes 12-5260
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means any county in the state of Kansas. See Kansas Statutes 12-5221
- Lending institution: means any bank, bank holding company, credit union, trust company, savings bank, national banking association, savings and loan association, building and loan association, mortgage banker or other financial institution which customarily provides service or otherwise aids in the financing of home mortgages, or any holding company for any of the foregoing. See Kansas Statutes 12-5221
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
As used in the Kansas rural home loan guarantee act:
(a) “Act” means the Kansas rural home loan guarantee act;
(b) “corporation” means the Kansas housing resources corporation;
(c) “financial institution” means any bank, trust company, savings bank, credit union, savings and loan association or any other lending institution that is approved by the corporation;
(d) “loan” means a transaction with a financial institution to provide the owner financing for the construction or renovation of a single-family home in a rural county; and
(e) “rural county” means any county in this state with a population of less than 10,000, as certified to the secretary of state pursuant to Kan. Stat. Ann. § 11-201, and amendments thereto, on July 1 of the preceding year.