K.S.A. 16a-2-201: Finance charge for closed-end consumer credit sales.

(1) This section applies only to a closed-end consumer credit sale.

(2) A seller may charge a finance charge at any rate agreed to by the parties, subject, however, to the limitations on prepaid finance charges set forth in subsection (3).

(3) A seller may charge a prepaid finance charge:

(a) For any consumer credit sale, an amount not to exceed the lesser of 2% of the amount financed or $300.

(b) A prepaid finance charge permitted under this subsection is in addition to finance charges permitted under subsection (2). A prepaid finance charge permitted under this subsection is fully earned when paid and is nonrefundable, unless the parties agree otherwise in writing.