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2021 Kansas Statutes
Chapter 58 - Personal And Real Property
Article 23 - Mortgages Of Real Property
58-2340 Same; liability of lenders upon failure to comply with act's requirements.
Universal Citation: KS Stat § 58-2340 (2021)
58-2340. Same; liability of lenders upon failure to comply with act's requirements.
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.
History: L. 1988, ch. 57, ยง 4; July 1.
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