9-2208.License; display; signed
acknowledgment; contents; advertising or solicitation disclosure.
(a) Each licensee shall prominently display the license of any principal place
of business and any branch office
in a way
that
reasonably assures recognition by customers and members of the general public
who enter the licensee's place of business.
(b) Prior to entering into any contract for the provision of services or
prior to the licensee receiving any compensation or
promise of compensation
for a mortgage loan the licensee shall acquire from
the customer a
signed acknowledgment containing such information as the commissioner may
prescribe by rule and regulation.
The signed acknowledgment shall be
retained by the licensee and a copy shall be provided to the customer.
(c) All solicitations and published advertisements concerning mortgage
business directed
at Kansas residents, including those on the internet or by other electronic
means, shall contain the
words "Kansas licensed mortgage company," and must also contain the name and
license number of the licensee, which shall be the same as the name
and number on
record with the commissioner. Each licensee shall maintain a record of all
solicitations or
advertisements for a period of 25 months. For the purpose of this subsection,
"advertising" does
not include business cards or promotional items.
(d) No solicitation or advertisement shall contain false, misleading or
deceptive
information, or indicate or imply that the interest rates or charges stated are
"recommended,"
"approved," "set" or "established" by the state of Kansas.
(e) No licensee or registrant shall conduct mortgage
business in this state using any
name other than the name or names stated on their
license or
registration.
History: L. 1996, ch. 175, § 8;
L. 1999, ch. 45, § 8;
L. 2000, ch. 17, § 3;
L. 2001, ch. 88, § 9;
L. 2005, ch. 144, § 3; July 1.
9-2208.License; display; signed
acknowledgment; contents; advertising or solicitation disclosure.
(a) Each licensee shall prominently display the license of any principal place
of business and any branch office
in a way
that
reasonably assures recognition by customers and members of the general public
who enter the licensee's place of business.
(b) Prior to entering into any contract for the provision of services or
prior to the licensee receiving any compensation or
promise of compensation
for a mortgage loan the licensee shall acquire from
the customer a
signed acknowledgment containing such information as the commissioner may
prescribe by rule and regulation.
The signed acknowledgment shall be
retained by the licensee and a copy shall be provided to the customer.
(c) All solicitations and published advertisements concerning mortgage
business directed
at Kansas residents, including those on the internet or by other electronic
means, shall contain the
words "Kansas licensed mortgage company," and must also contain the name and
license number of the licensee, which shall be the same as the name
and number on
record with the commissioner. Each licensee shall maintain a record of all
solicitations or
advertisements for a period of 25 months. For the purpose of this subsection,
"advertising" does
not include business cards or promotional items.
(d) No solicitation or advertisement shall contain false, misleading or
deceptive
information, or indicate or imply that the interest rates or charges stated are
"recommended,"
"approved," "set" or "established" by the state of Kansas.
(e) No licensee or registrant shall conduct mortgage
business in this state using any
name other than the name or names stated on their
license or
registration.
History: L. 1996, ch. 175, § 8;
L. 1999, ch. 45, § 8;
L. 2000, ch. 17, § 3;
L. 2001, ch. 88, § 9;
L. 2005, ch. 144, § 3; July 1.
9-2208.License; display; signed
acknowledgment; contents; advertising or solicitation disclosure.
(a) Each licensee shall prominently display the license of any principal place
of business and any branch office
in a way
that
reasonably assures recognition by customers and members of the general public
who enter the licensee's place of business.
(b) Prior to entering into any contract for the provision of services or
prior to the licensee receiving any compensation or
promise of compensation
for a mortgage loan the licensee shall acquire from
the customer a
signed acknowledgment containing such information as the commissioner may
prescribe by rule and regulation.
The signed acknowledgment shall be
retained by the licensee and a copy shall be provided to the customer.
(c) All solicitations and published advertisements concerning mortgage
business directed
at Kansas residents, including those on the internet or by other electronic
means, shall contain the
words "Kansas licensed mortgage company," and must also contain the name and
license number of the licensee, which shall be the same as the name
and number on
record with the commissioner. Each licensee shall maintain a record of all
solicitations or
advertisements for a period of 25 months. For the purpose of this subsection,
"advertising" does
not include business cards or promotional items.
(d) No solicitation or advertisement shall contain false, misleading or
deceptive
information, or indicate or imply that the interest rates or charges stated are
"recommended,"
"approved," "set" or "established" by the state of Kansas.
(e) No licensee or registrant shall conduct mortgage
business in this state using any
name other than the name or names stated on their
license or
registration.
History: L. 1996, ch. 175, § 8;
L. 1999, ch. 45, § 8;
L. 2000, ch. 17, § 3;
L. 2001, ch. 88, § 9;
L. 2005, ch. 144, § 3; July 1.