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Code · Kansas · Chapter 75 — State Departments; Public Officers And Employees

75-4282. Same; state and state treasurer not liable to lending institution.

78 words·~1 min read·/ks/chapter-75/75-4282

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

75-4282. Same; state and state treasurer not liable to lending institution. The state and the state treasurer shall not be liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible developer borrower. Any delay in payments or default on the part of an eligible developer borrower does not in any manner affect the housing loan deposit agreement between the eligible lending institution and the state treasurer.
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