Kansas Statutes 58-2335. Assumption of mortgage obligations by person not party to original mortgage; maximum fee for changing records of lending institutions
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-2335
- Contract: A legal written agreement that becomes binding when signed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Whenever the obligations of a mortgage are assumed and agreed to be paid by any one or more persons who were not parties to such original mortgage, no fee in excess of seventy-five dollars ($75) or as otherwise provided in the mortgage contract shall be charged by any savings and loan association, bank or other lending institution for the services connected with making appropriate changes in the books, papers and records of the savings and loan association, bank, or other lending institution.