50-1017. Prohibited acts. 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.
History: L. 1988, ch. 328, § 17; L. 1992, ch. 226, § 12; 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.