16a-6-105.(UCCC) Administrative powers with respect
to supervised financial
organizations.
(1) With respect to supervised financial organizations, the powers of
examination and investigation (K.S.A. 16a-2-305 and K.S.A. 16a-6-106, and
amendments thereto) and
administrative enforcement (K.S.A. 16a-6-108, and
amendments thereto) shall be exercised by the
official or agency to whose supervision the organization is subject. Should
a supervised financial organization become licensed hereunder, a report
of that portion of each examination made by the supervisory official or
agency of such organization relating to compliance with the provisions of
chapter 16a of the Kansas Statutes Annotated shall be filed with the
administrator. All
other powers of the administrator under this act may be exercised by
the administrator
with respect to a supervised financial organization except that
compliance with truth in lending shall be governed as set forth in subsection
(2) of K.S.A. 16a-6-104, and amendments
thereto.
(2) If the administrator receives a complaint or other information
concerning noncompliance with this act by a supervised financial
organization, the administrator shall inform the official or agency having
supervisory
authority over the organization concerned. The administrator may request
information about supervised financial organizations from the officials
or agencies supervising them. If such officials or agencies have cause
to believe the licensee of any supervised financial organization subject
to their supervision is subject to suspension or revocation for any reason
stated in K.S.A. 16a-2-303, and
amendments thereto, such official or
agency shall notify the administrator and assist the administrator in the
enforcement of this act.
(3) The administrator and any official or agency of this state
having supervisory authority over a supervised financial organization
are authorized and directed to consult and assist one another in
maintaining compliance with the provisions of K.S.A. 16a-1-101 through
16a-9-102,
and amendments thereto. They may jointly pursue
investigations, prosecute suits, and take other official action, as they
deem appropriate, if either of them otherwise is empowered to take the
action.
History: L. 1973, ch. 85, § 98; L. 1980, ch. 76, § 10;
L. 1992, ch. 46, § 3;
L. 1999, ch. 107, § 29; July 1.
16a-6-105.(UCCC) Administrative powers with respect
to supervised financial
organizations.
(1) With respect to supervised financial organizations, the powers of
examination and investigation (K.S.A. 16a-2-305 and K.S.A. 16a-6-106, and
amendments thereto) and
administrative enforcement (K.S.A. 16a-6-108, and
amendments thereto) shall be exercised by the
official or agency to whose supervision the organization is subject. Should
a supervised financial organization become licensed hereunder, a report
of that portion of each examination made by the supervisory official or
agency of such organization relating to compliance with the provisions of
chapter 16a of the Kansas Statutes Annotated shall be filed with the
administrator. All
other powers of the administrator under this act may be exercised by
the administrator
with respect to a supervised financial organization except that
compliance with truth in lending shall be governed as set forth in subsection
(2) of K.S.A. 16a-6-104, and amendments
thereto.
(2) If the administrator receives a complaint or other information
concerning noncompliance with this act by a supervised financial
organization, the administrator shall inform the official or agency having
supervisory
authority over the organization concerned. The administrator may request
information about supervised financial organizations from the officials
or agencies supervising them. If such officials or agencies have cause
to believe the licensee of any supervised financial organization subject
to their supervision is subject to suspension or revocation for any reason
stated in K.S.A. 16a-2-303, and
amendments thereto, such official or
agency shall notify the administrator and assist the administrator in the
enforcement of this act.
(3) The administrator and any official or agency of this state
having supervisory authority over a supervised financial organization
are authorized and directed to consult and assist one another in
maintaining compliance with the provisions of K.S.A. 16a-1-101 through
16a-9-102,
and amendments thereto. They may jointly pursue
investigations, prosecute suits, and take other official action, as they
deem appropriate, if either of them otherwise is empowered to take the
action.
History: L. 1973, ch. 85, § 98; L. 1980, ch. 76, § 10;
L. 1992, ch. 46, § 3;
L. 1999, ch. 107, § 29; July 1.
16a-6-105.(UCCC) Administrative powers with respect
to supervised financial
organizations.
(1) With respect to supervised financial organizations, the powers of
examination and investigation (K.S.A. 16a-2-305 and K.S.A. 16a-6-106, and
amendments thereto) and
administrative enforcement (K.S.A. 16a-6-108, and
amendments thereto) shall be exercised by the
official or agency to whose supervision the organization is subject. Should
a supervised financial organization become licensed hereunder, a report
of that portion of each examination made by the supervisory official or
agency of such organization relating to compliance with the provisions of
chapter 16a of the Kansas Statutes Annotated shall be filed with the
administrator. All
other powers of the administrator under this act may be exercised by
the administrator
with respect to a supervised financial organization except that
compliance with truth in lending shall be governed as set forth in subsection
(2) of K.S.A. 16a-6-104, and amendments
thereto.
(2) If the administrator receives a complaint or other information
concerning noncompliance with this act by a supervised financial
organization, the administrator shall inform the official or agency having
supervisory
authority over the organization concerned. The administrator may request
information about supervised financial organizations from the officials
or agencies supervising them. If such officials or agencies have cause
to believe the licensee of any supervised financial organization subject
to their supervision is subject to suspension or revocation for any reason
stated in K.S.A. 16a-2-303, and
amendments thereto, such official or
agency shall notify the administrator and assist the administrator in the
enforcement of this act.
(3) The administrator and any official or agency of this state
having supervisory authority over a supervised financial organization
are authorized and directed to consult and assist one another in
maintaining compliance with the provisions of K.S.A. 16a-1-101 through
16a-9-102,
and amendments thereto. They may jointly pursue
investigations, prosecute suits, and take other official action, as they
deem appropriate, if either of them otherwise is empowered to take the
action.
History: L. 1973, ch. 85, § 98; L. 1980, ch. 76, § 10;
L. 1992, ch. 46, § 3;
L. 1999, ch. 107, § 29; July 1.