Kansas § 58-2340 Same; liability of lenders upon failure to comply with act's requirements

Kansas Statutes

§ 58-2340 — Same; liability of lenders upon failure to comply with act's requirements

Kansas·Ch. 58 PERSONAL AND REAL PROPERTY·Art. 23 MORTGAGES OF REAL PROPERTY

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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