Printable Format9-565. Items to be provided with license application; criminal history record check and fingerprinting; investigative background report. (a) As a part of any original application, any individual in control of a licensee, any applicant in control of a licensee and each key individual shall provide the commissioner with the following items through the nationwide multistate licensing system and registry:
(1) (A) The office of the state bank commissioner may require an applicant in control of a licensee, a licensee or a key individual to be fingerprinted and submit to a state and national criminal history record check in accordance with K.S.A. 2025 Supp. 22-4714, and amendments thereto.
(B) Any individual who currently resides and has continuously resided outside of the United States for the past 10 years shall not be required to comply with this subsection; and
(2) a description of the individual's personal history and experience provided in a form and manner prescribed by the commissioner to obtain the following:
(A) An independent credit report from a consumer reporting agency. This requirement shall be waived if the individual does not have a social security number;
(B) information related to any criminal convictions or pending charges; and
(C) information related to any regulatory or administrative action and any civil litigation involving claims of fraud, misrepresentation, conversion, mismanagement of funds, breach of fiduciary duty or breach of contract.
(b) (1) If the individual has resided outside of the United States at any time during the 10-year period immediately preceding the individual's application, the individual shall also provide an investigative background report prepared by an independent search firm.
(2) At a minimum, the search firm shall:
(A) Demonstrate that it has sufficient knowledge and resources and that such firm employs accepted and reasonable methodologies to conduct the research of the background report; and
(B) not be affiliated with or have an interest with the individual it is researching.
(3) The investigative background report shall be provided in English and, at a minimum, shall contain the following:
(A) A comprehensive credit report or any equivalent information obtained or generated by the independent search firm to accomplish such report, including a search of the court data in the countries, provinces, states, cities, towns and contiguous areas where the individual resided and worked if such report is available in the individual's current jurisdiction of residency;
(B) criminal records information for the 10-year period immediately preceding the individual's application, including, but not limited to, felonies, misdemeanors or similar convictions for violations of law in the countries, provinces, states, cities, towns and contiguous areas where the individual resided and worked;
(C) employment history;
(D) media history including an electronic search of national and local publications, wire services and business applications; and
(E) financial services-related regulatory history, including, but not limited to, money transmission, securities, banking, insurance and mortgage-related industries.
(c) Any information required by this section may be used by the commissioner in making an official determination of the qualifications and fitness of the person in control or who seeks to gain control of the licensee.
(d) This section shall take effect on and after January 1, 2025.
History: L. 2024, ch. 64, § 11; L. 2025, ch. 98, § 3; May 1.