Printable Format50-1017. 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.
CASE ANNOTATIONS
1. Defendant may be charged with fraud under loan broker's act (K.S.A. 50-1001 et seq.) and criminal theft (K.S.A. 21-3701) for same acts. State v. Fritz, 261 Kan. 294, 297, 300, 933 P.2d 126 (1996).
2. Charges under K.S.A. 8-1567 and 21-3608a are not multiplicitous. State v. Cott, 288 Kan. 643, 206 P.3d 514 (2009).