KS HB2497

Bill

Prohibiting the assessment of a prepayment penalty against any party more than six months after the execution of a note evidencing a home loan made primarily for personal, family or household purposes secured by a real estate mortgage.

Introduced
01/21/2026

In Committee
03/17/2026

Crossed Over
02/18/2026

Passed
04/09/2026

Dead

Signed/Enacted/Adopted
04/09/2026

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT concerning financial institutions; relating to loans; prohibiting the assessment of a prepayment penalty against any party more than six months after the execution of a note evidencing a home loan made primarily for personal, family or household purposes secured by a real estate mortgage; amending K.S.A. 2025 Supp. 16-207 and repealing the existing section.

AI Summary

This bill prohibits financial institutions from charging a prepayment penalty, which is a fee for paying off a loan early, on home loans made for personal, family, or household purposes that are secured by a mortgage on real estate, if the prepayment occurs more than six months after the loan was originally taken out. The bill amends an existing Kansas law (K.S.A. 2025 Supp. 16-207) to add this restriction and then repeals the old version of that law, effectively replacing it with the new provisions.

Committee Categories

Business and Industry, Labor and Employment

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Financial Institutions and Pensions (House)

Last Action

House Approved by Governor on Thursday, April 9, 2026 (on 04/09/2026)

Official Document

https://kslegislature.gov/li/b2025_26/measures/hb2497/

Version:

Document Type	Source Location
State Bill Page	https://kslegislature.gov/li/b2025_26/measures/hb2497/
BillText	https://kslegislature.gov/li/b2025_26/measures/documents/hb2497_enrolled.pdf
Conference Committee Report	https://kslegislature.gov/li/b2025_26/measures/documents/ccr_2026_hb2497_s_4540.pdf
Analysis - Conference Committee Report Brief	https://kslegislature.gov/li/b2025_26/measures/documents/ccrb_hb2497_01_032426am.pdf
BillText	https://kslegislature.gov/li/b2025_26/measures/documents/hb2497_01_0000.pdf
Senate Committee on Financial Institutions and Insurance Report	https://kslegislature.gov/li/b2025_26/measures/documents/cr_2026_hb2497_s_4326.pdf
Analysis - Supplemental Note: As Amended by Senate Committee	https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_hb2497_01_0000.pdf
House Committee on Financial Institutions and Pensions Report	https://kslegislature.gov/li/b2025_26/measures/documents/cr_2026_hb2497_h_3359.pdf
Analysis - Supplemental Note: As introduced	https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_hb2497_00_0000.pdf
Fiscal Note - Ficsal Note: As introduced	https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_hb2497_00_0000.pdf
BillText	https://kslegislature.gov/li/b2025_26/measures/documents/hb2497_00_0000.pdf

Bill > HB2497

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Other Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary