50-1017. Prohibited acts.
102 words·~1 min read·
/ks/chapter-50/50-1017A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
50-1017. Prohibited acts. A loan broker shall not, in connection with an offer of or a contract for the services of a loan broker, either directly or indirectly, do any of the following:
(1)Employ any device, scheme or artifice to defraud;
(2)make any untrue statements of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of circumstances under which they are made, not misleading; or
(3)engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon any person.