Terms Used In Kansas Statutes 50-1004

  • Commissioner: refers to the securities commissioner appointed under Kan. See Kansas Statutes 50-1001
  • Loan: means any agreement to advance money or property in return for the promise to make payments for the money or property. See Kansas Statutes 50-1001
  • Loan broker: means any person who, in return for a fee from any person, promises to procure a loan for any person or assist any person in procuring a loan from any third party, or who promises to consider whether or not to make a loan to any person. See Kansas Statutes 50-1001

(a) A loan broker may not continue engaging in the business of loan brokering unless the broker’s registration is renewed annually. A loan broker shall renew the registration by filing with the commissioner, at least 30 days before the expiration of the registration, an application containing any information the commissioner may require to indicate any material change from the information contained in the applicant’s original application or any previous application.

(b) An application for renewal must be accompanied by a fee of $100.