Kansas — Statute

KSA 021-065-0004 – Equity skimming | Kansas Law

Learn about Kansas's Equity skimming law, including definitions, penalties, and legal implications.

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KSA 021-065-0004 – Equity skimming

Kansas Statutes Annotated § KSA 021-065-0004

Statute Summary

21-6504.Equity skimming.(a) Equity skimming is, with the intent to defraud, intentionally engaging in a pattern or practice of: (1) Purchasing one family to four family dwellings, including condominiums and cooperatives or acquiring any right, title or interest therein, including, but not limited to, an equity of redemption interest, which are subject to a loan in default at time of purchase or in default within one year subsequent to the purchase and the loan is secured by a mortgage; (2) fai

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In simple terms: Learn about Kansas's Equity skimming law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.