Terms Used In Kansas Statutes 9-2220

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: means any individual, sole proprietorship, corporation, partnership, trust, association, joint venture, pool syndicate, unincorporated organization or other form of entity, however organized. See Kansas Statutes 9-2201
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

(a) The provisions of Kan. Stat. Ann. §§ 9-2201 through 9-2220, and amendments thereto, and Kan. Stat. Ann. § 9-2216a, and amendments thereto, shall be known and may be cited as the Kansas mortgage business act.

(b) If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected.