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Code · Kansas · Chapter 58 — Personal And Real Property

58-2340. Liability of lenders upon failure to comply with act's requirements.

76 words·~1 min read·/ks/chapter-58/58-2340

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58-2340. Liability of lenders upon failure to comply with act's requirements. If the selling lender fails to comply with the requirements of K.S.A. 58-2338 , or the purchasing lender fails to comply with the requirements of K.S.A. 58-2339 , and such failure to comply was due to the lender's failure to exercise reasonable care, the lender is liable to the mortgagor for $100 per occurrence, in addition to actual damages caused by the failure to comply.
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