Find Bill
Find Your Legislator
Legislative Deadlines
Nov. 8, 2017
RSS Feed Permanent URL -A +A

2016 Statute



Prev Article 10. - LOAN BROKERSNext


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

History: L. 1988, ch. 328, § 12; July 1.



Prev Article 10. - LOAN BROKERSNext
2017. Powered by KLISS. Rendered: 2017-11-08T17:12:58. Head Rev No: 336804