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Code · Kansas · Chapter 50 — Unfair Trade And Consumer Protection

50-1012. Liability of loan broker to damaged parties; rights of prospective borrower.

97 words·~1 min read·/ks/chapter-50/50-1012

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50-1012. 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.
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