KS - Farm Land used as collateral on loan -

Posted By: Patricia

KS - Farm Land used as collateral on loan - - 10/19/11 09:32 PM

Kansas - Farm land used as collateral on loan, loan paid in full however, borrower states they will be back in the spring to borrower more on the farm land. Can we hold on to the mortgage until the borrower comes in to borrower more money or do we need to release the mortgage?
Posted By: rockchalk02

Re: KS - Farm Land used as collateral on loan - - 10/21/11 05:32 PM

See KSA 58-2309a
Posted By: Patricia

Re: KS - Farm Land used as collateral on loan - - 11/01/11 09:24 PM

Thanks.