Kansas § 50-1017 Prohibited acts

Kansas Statutes

§ 50-1017 — Prohibited acts

Kansas·Ch. 50 UNFAIR TRADE AND CONSUMER PROTECTION·Art. 10 LOAN BROKERS

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.

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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.

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