50-1007. Contracts required to be in writing; retention of copy by borrowing party. To be enforceable, every contract for the services of a loan broker shall be in writing and signed by all contracting parties.
The borrowing party shall retain a copy of the signed contract at the time it is signed.
History: L. 1988, ch. 328, ยง 7; July 1.
Structure Kansas Statutes
Chapter 50 - Unfair Trade And Consumer Protection
50-1002 Registration required.
50-1004 Renewal of registration; fee.
50-1005 Fees and funds; accounting and deposit in general fund.
50-1007 Contracts required to be in writing; retention of copy by borrowing party.
50-1008 Denial, suspension or revocation of registration; orders and hearing.
50-1010 Certified copies of documents or records admissible in actions or proceedings under act.
50-1011 Violations; civil penalties, enforcement.
50-1012 Same; liability of loan broker to damaged parties; rights of prospective borrower.
50-1013 Violation of act or cease and desist order, penalties; prosecution.
50-1016 Persons exempt from registration and other duties under act; burden of proof thereof.