{"data":{"id":"us-ks/k.s.a.-9-2231","jurisdiction":"us-ks","citation":"K.S.A. 9-2231","heading":"Loans secured by mortgages on consumer's principal residence; negative amortization and balloon payments prohibited.","body":"(a) A covered transaction shall not provide for the negative amortization of principal or a balloon payment when the loan-to-value ratio at the time such covered transaction was made exceeds 100% or when the annual percentage rate of the loan exceeds the code mortgage rate unless such covered transaction is open-end, incurred to acquire or construct the consumer's principal residence or a reverse mortgage.\n(b) This section shall be a part of and supplemental to the Kansas mortgage business act.","path":["Chapter 9.—BANKS AND BANKING; TRUST COMPANIES","Article 22.—MORTGAGE BUSINESS"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch09/009_022_0031.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:10:05Z","sha256":"672b242962a4c6530234057dd53dc49668a347bf4dd2f733fcc966dfc59e7048","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-9-2230","next":"us-ks/k.s.a.-9-2232"},"notice":"GroundRules: Original legal text. Not legal advice."}