Kansas § 50-1012 Same; liability of loan broker to damaged parties; rights of prospective borrower

Kansas Statutes

§ 50-1012 — Same; liability of loan broker to damaged parties; rights of prospective borrower

Kansas § 50-1012

Ch. 50UNFAIR TRADE AND CONSUMER PROTECTION

Art. 10LOAN BROKERS

This text of Kansas § 50-1012 (Same; liability of loan broker to damaged parties; rights of prospective borrower) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 50-1012 (2026).

Text

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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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.