K.S.A. 58-2340: Liability of lenders upon failure to comply with act's requirements.
Where this section sits in the code
- Chapter 58.—PERSONAL AND REAL PROPERTY
- Article 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.
Collected 2026-10-15T06:20:16Z. Source file · JSON