2011
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MERS Unmasked by Kansas Supreme Court
Much wailing and gnashing of teeth was heard in mortgage banking circles after the Kansas Supreme Court answered the question: “What is MERS?” Landmark National Bank v. Kesler, 289 Kan. 528, 216 P.3d 158, 2009 Kan. LEXIS 834. MERS, an acronym for Mortgage Electronic Registration Systems, Inc., was set up some years back by mortgage bankers to be the [...]
Kansas Legislature Once Again Looks at Exempting the Earned Income Credit
As part of the bankruptcy process, debtors are required to list all of their assets, which includes income tax refunds which they expect to receive. The refunds may also include the earned income credit (EIC) also known as the earned income tax credit (EITC). If a tax refund is received after the case is filed, [...]