Section 9-2231 - [Negative amortization of principal or balloon payment](a) A covered transaction shall not provide for the negative amortization of principal or a balloon payment when the loan-to-value ratio at the time such covered transaction was made exceeds 100% or when the annual percentage rate of the loan exceeds the code mortgage rate unless such covered transaction is open-end, incurred to acquire or construct the consumer's principal residence or a reverse mortgage.(b) This section shall be a part of and supplemental to the Kansas mortgage business act.Added by L. 2024, ch. 6,§ 11, eff. 1/1/2025.