Terms Used In Kansas Statutes 9-2215

• Branch office: means a place of business, other than a principal place of business, where the mortgage company maintains a physical location for the purpose of conducting mortgage business with the public. See Kansas Statutes 9-2201
• Commissioner: means the state bank commissioner or designee, who shall be the deputy commissioner of the consumer and mortgage lending division of the office of the state bank commissioner. See Kansas Statutes 9-2201
• Licensee: means a person who is licensed by the commissioner as a mortgage company. See Kansas Statutes 9-2201
• Loan originator: means an individual:

  (1) Who engages in mortgage business on behalf of a single mortgage company;

  (2) whose conduct of mortgage business is the responsibility of the licensee;

  (3) who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain or in the expectation of compensation or gain; and

  (4) whose job responsibilities include contact with borrowers during the loan origination process, which can include soliciting, negotiating, acquiring, arranging or making mortgage loans for others, obtaining personal or financial information, assisting with the preparation of mortgage loan applications or other documents, quoting loan rates or terms or providing required disclosures. See Kansas Statutes 9-2201

• Principal place of business: means a place of business where mortgage business is conducted, which has been designated by a licensee as the primary headquarters from which all mortgage business and administrative activities are managed and directed. See Kansas Statutes 9-2201