Can you summarize 17 KSAR Article 22?
This document outlines the application fees required for various types of applications filed with the office of the state bank commissioner in Kansas. The fees are nonrefundable and vary depending on the type of application. Some of the applications covered include bank or trust company charter, new branch bank, relocation of main office or branch, merger, consolidation, transfer of assets and liabilities, change of control, conversion to state charter, bank service corporation, fiduciary activities, money order license, change of name, revenue bond pledgibility, letter of good standing, and administrative appeals.
Can you summarize 17 KSAR Article 23?
These legal documents, part of the Kansas Administrative Regulations under the Office of the State Bank Commissioner’s Trust Supervision, cover various aspects related to banks and trust companies. The first document requires these entities to maintain records of securities transactions for at least three years and provide customers with notifications regarding the transactions. The second document specifies the time and content requirements for securities transaction notifications. The third document pertains to the location of trust documents, requiring banks and trust companies to maintain original governing instruments at approved sites and make them available for examination purposes.
Can you summarize 17 KSAR Article 8?
This document, part of the Kansas Administrative Regulations under the Office of the State Bank Commissioner, governs banks’ acquisition of interests in financial subsidiaries or engaging in new activities within existing financial subsidiaries. The document requires banks to provide written notice to the commissioner before acquiring an interest or engaging in a new activity. The notice should include details such as the proposed transactions, percentage of ownership, name and address of the financial subsidiary, current and proposed activities, and information about insurance activities if applicable.
Can you summarize Agency 103 KSAR?
The provided legal document content governs the determination of the market value of negotiable promissory notes secured by first lien mortgages on real estate. These notes are pledged and assigned by banks or savings and loan associations as security for deposits of municipal or quasi-municipal corporations. The regulations outline a specific process for determining the market value, which involves calculating the average interest rate for all such notes pledged by the institution, obtaining the current GNMA bid rate for comparable obligations, and multiplying the total of real estate loans pledged by the GNMA bid quotation to ascertain the current value of the pledged real estate loans.
Can you summarize Agency 104 KSAR?
The provided legal document is a regulation issued by the Kansas Administrative Regulations. It governs consumer-purpose adjustable rate real estate transactions. The regulation applies to creditors who offer consumer-purpose adjustable rate notes secured by a real estate mortgage or consumer-purpose contracts for deed to real estate with an adjustable interest rate provision. It allows creditors to use any interest-rate index that is readily verifiable by the borrower, as long as the adjustment is beyond the control of the creditor.
Can you summarize Agency 111 KSAR?
The provided legal document content pertains to the regulations governing the Kansas Lottery. These regulations are not subject to the provisions and requirements of the rules and regulations filing act. They are only published in the Kansas Register. To find the desired Register issue, one can refer to the most recent issue of the Kansas Register and search the index to regulations by regulation number. The document also references K.S.A. 74-8710.
Can you summarize Agency 121 KSAR?
The provided legal document content covers various aspects of credit union operations and regulations in the state of Kansas. It includes the definition of ‘branch’ as it relates to a specific statute and its amendments, the process for merging credit unions, annual audit requirements for credit unions, regulations for foreign credit unions operating in Kansas, guidelines for unsafe or unsound practices by credit unions, incidental powers of credit unions, reporting requirements for credit unions, regulations for credit unions in deteriorating condition, fiduciary powers of corporate credit unions, regulations for Credit Union Services Organizations (CUSOs), contingency and business recovery plans for credit unions, and acceptance and management of non-member shares by low-income credit unions.
Can you summarize KSAR 112-100-1?
These regulations pertain to the Kansas expanded lottery act and are applicable to any natural person, association, limited liability company, corporation, sole proprietorship, partnership, or other legal entity. The act refers to the Kansas expanded lottery act, while the commission refers to the Kansas racing and gaming commission. The executive director refers to the executive director of the Kansas racing and gaming commission. Facility manager is defined as a certified operator of a lottery gaming facility or racetrack gaming facility.
Can you summarize KSAR 112-106-4?
This document governs the staffing requirements and operations of the surveillance department in gaming facilities. It applies to facility managers and employees of gaming facilities. The surveillance department must be supervised by a director of surveillance who reports directly to the facility manager’s board of directors or similar body. The personnel of the surveillance department must be employees of the facility manager and cannot be outsourced to third parties. The staffing of the surveillance department should be reasonably determined by the commission’s director of security, taking into account the size and layout of the licensed facility and the number of electronic gaming machines and lottery facility games.
Can you summarize KSAR 112-108-15?
This document governs the inventory and handling of chips in a gaming facility. It specifies that chips should be taken from or returned to either the reserve chip inventory or the secondary set of chips in the presence of at least two individuals, one from the table games department and one from the security department of the facility manager. The denominations, number, and amount of chips taken or returned should be recorded in the chip inventory ledger, along with the date and signatures of the two individuals involved.