Kan. Stat. § 76-830
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Commencing on the first day of the 24th month commencing after the loan date, the principal and interest of such loan amounts shall be repaid in payments payable annually over a period of 20 years. The repayment amounts shall be recomputed each year to reflect the interest rate prescribed by K.S.A. 76-829 and amendments thereto and shall be calculated each year on a substantially level payment basis based on a total original amortization period of 20 years.
K.S.A. 76-830