Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:50-1012
Chapter Title:UNFAIR TRADE AND CONSUMER PROTECTION
Article Title:LOAN BROKERS
Tax Type:All
Brief Description:Same; liability of loan broker to damaged parties; rights
of prospective borrower.
Keywords:


Body:

50-1012. Same; liability of loan broker to damaged parties; rights of prospective borrower. Any person who violates this act, in connection with a contract for the services of a loan broker, is liable to any person damaged by the violation, for the amount of the actual damages suffered, interest at the legal rate, and attorney fees. If a loan broker violates any provision of this act, in connection with a contract for loan brokering services, the contract is void, and the prospective borrower is entitled to receive from the loan broker all sums paid to the loan broker. 1012.
History: L. 1988, ch. 328, 12; July 1.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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