Kansas Administrative Regulations Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Here’s a detailed overview of Kansas Administrative Regulations (K.A.R.), Agency 17 – Office of the State Bank Commissioner:
📘 What Is Agency 17?
This set of regulations governs the oversight of:
State‑chartered banks
Trust companies
Mortgage businesses, credit service organizations, supervised lenders (osbckansas.gov)
Regulations are revised quarterly—check official sources for the most current version (law.cornell.edu).
🧾 Regulation Structure (by Article)
Article 1 – Definitions (§ 17‑1‑1)
Articles 2–7 – Reserved
Article 8 – Financial Modernization (§ 17‑8‑1)
Article 9 – Investment Securities (§ 17‑9‑1 to § 17‑9‑10)
Article 10 – Revoked (§ 17‑10‑1)
Article 11 – Documentation Requirements (§ 17‑11‑1 to § 17‑11‑24)
Article 12 – Transactions (§ 17‑12‑1 to § 17‑12‑2)
Article 13 – Reserved
Article 14 – Deposit of Public Funds; Revenue Bond Approval (§ 17‑14‑1)
Article 15 – Records (§ 17‑15‑1)
Article 16 – Charter Applications (§ 17‑16‑1 to § 17‑16‑9)
Article 17 – Financial Futures Contracts (§ 17‑17‑1 to § 17‑17‑10)
Article 18 – Open‑End Investment Companies (§ 17‑18‑1 to § 17‑18‑4)
Article 19 – Bank Subsidiaries Engaged in Securities Activities (§ 17‑19‑1 to § 17‑19‑4)
Article 20 – Employment (§ 17‑20‑1)
Article 21 – Bank Holding Companies; Applications for Acquisition (§ 17‑21‑1 to § 17‑21‑8)
Article 22 – Application Fees (§ 17‑22‑1)
Article 23 – Trust Supervision (§ 17‑23‑1 to § 17‑23‑16)
Article 24 – Mortgage Business (§ 17‑24‑1 to § 17‑24‑6)
Article 25 – Credit Services Organizations (§ 17‑25‑1) (law.cornell.edu)
🔍 Notable Sections
🔹 § 17‑11‑19 – Charged‑off Assets; Records
Banks/trust companies must keep a central listing of charged-off assets, detailing charge-off date, description, amount, and recoveries.
Retain records for 10 years after last payment or charge-off date (law.cornell.edu).
🔹 Article 23 – Trust Supervision
Covers topics such as fiduciary definitions, brokerage policies, self-dealing, recordkeeping, notification for securities transactions, and location of trust documents (regulations.justia.com).
For instance, § 17‑23‑13 outlines the required form of notification for securities transactions (casetext.com).
🔹 § 17‑23‑9 – Custodial Agreements for Trust Investments (Revoked)
K.A.R. § 17‑23‑9 originally required written custodial agreements for third-party custody of fiduciary investments.
That rule was revoked in late 2019 to streamline investment processes and reduce burdens for smaller institutions (kslegresearch.org).
📚 Where to Access the Full Text
Official PDF versions available from Kansas Secretary of State or the Office of the State Bank Commissioner.
Online codified versions via Cornell LII and Justia (law.cornell.edu).
OSBC website also includes news, guidance, and forms related to these regulations (osbckansas.gov).
✅ If You’d Like:
Detailed summaries of specific sections (e.g., trust supervision, charged‑off assets, charter applications)
Compliance guidance or practical implications of recent changes (like the 2019 revocation)
Official citation copies of any regulation
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