Significant Revisions to the Kansas Consumer Credit Code

Kansas enacted substantive revisions to its Consumer Credit Code, including raising the threshold amount of consumer credit transactions that are subject to the Code from $25,000 to $69,500 (similar to Regulation Z’s 2024 threshold amount). The threshold amount will change annually. Among other changes to the Code, Kansas clarified the scope of the supervised loan license by adding a definition of “assignment,” adjusted finance charge and fee limits in the Code, and revised licensing-related provisions.

Kansas credit unions should review the changes in our Legislative Summary for more information. The increase in the threshold will remove many current loans from coverage.

The significant revisions to the Kansas Consumer Credit Code became effective on January 1, 2025.