Mortgage lending disclosure requirements fall outside the payments taxonomy scope, which focuses on payment instruments, networks, and transaction processing rather than credit product documentation.
While mortgage companies may process payments, this update concerns lending disclosure rules unrelated to payment services, networks, or instruments.
Specialism
This update concerns mortgage company disclosure and acknowledgment requirements in Kansas, which falls outside the payments compliance taxonomy focused on payment service providers, EMIs, and payment institutions.
While the notice requirements involve disclosure of licensee information and complaint procedures, this is mortgage-specific consumer disclosure rather than payment services advertising or financial promotions regulation.
2026-04-10 13:42:18·ataylor@vixio.com
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TITLE: Kansas Office of the State Bank Commissioner Amends Mortgage Company Acknowledgment Requirements
BODY:
On March 2, 2026, the Kansas Office of the State Bank Commissioner approved amendments to Kansas Administrative Regulation (K.A.R.) 17-24-1, which modifies disclosure requirements for mortgage companies licensed in Kansas.
The regulation previously required mortgage companies to obtain a signed acknowledgment from consumers before entering into any mortgage loan contract or receiving compensation. The amended regulation removes the signature requirement and instead requires mortgage companies to provide consumers with a written notice containing specific information. The notice must include: the date provided; the name and address of the mortgage business company; the name and position of the individual presenting the notice; and a statement in at least 10-point boldface letters confirming the licensee is licensed by the Kansas Office of the State Bank Commissioner, clarifying that this license does not constitute an endorsement of the licensee's products or services, and providing contact information for filing complaints with the regulator and accessing the National Mortgage Licensing System (NMLS) consumer access website.
The Office of the State Bank Commissioner determined this amendment would have negligible positive impact on business activities. Mortgage companies will experience reduced compliance costs by no longer requiring consumer signatures and spending less time on closing procedures. The economic impact statement identified zero implementation and compliance costs to affected businesses, local governmental units, and individuals. The amendment was developed following consultation with Rocket Mortgage, OneMain Financial, and the Mortgage Bankers Association, which raised no objections or concerns.
The regulation became effective March 2, 2026.