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Statutes > Kansas > Chapter58 > Article23 > Statutes_22458

58-2340

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 23.--MORTGAGES OF REAL PROPERTY

58-2340. Same; liability of lenders upon failure to comply with act'srequirements.If the selling lender fails to comply with therequirements of K.S.A. 58-2338, or the purchasing lender failsto comply with the requirements ofK.S.A. 58-2339, and such failure to comply was due to the lender'sfailureto exercise reasonable care, the lender is liable to the mortgagor for $100per occurrence,in addition to actual damages caused by the failure to comply.

History: L. 1988, ch. 57, § 4; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter58 > Article23 > Statutes_22458

58-2340

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 23.--MORTGAGES OF REAL PROPERTY

58-2340. Same; liability of lenders upon failure to comply with act'srequirements.If the selling lender fails to comply with therequirements of K.S.A. 58-2338, or the purchasing lender failsto comply with the requirements ofK.S.A. 58-2339, and such failure to comply was due to the lender'sfailureto exercise reasonable care, the lender is liable to the mortgagor for $100per occurrence,in addition to actual damages caused by the failure to comply.

History: L. 1988, ch. 57, § 4; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter58 > Article23 > Statutes_22458

58-2340

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 23.--MORTGAGES OF REAL PROPERTY

58-2340. Same; liability of lenders upon failure to comply with act'srequirements.If the selling lender fails to comply with therequirements of K.S.A. 58-2338, or the purchasing lender failsto comply with the requirements ofK.S.A. 58-2339, and such failure to comply was due to the lender'sfailureto exercise reasonable care, the lender is liable to the mortgagor for $100per occurrence,in addition to actual damages caused by the failure to comply.

History: L. 1988, ch. 57, § 4; July 1.