Chapter 50: Unfair Trade And Consumer Protection

Article 10: Loan Brokers

Statute 50-1007: Contracts required to be in writing; retention of copy by borrowing party. To be enforceable, every contract for the services of a loan broker shall be in writing and signed by all contracting parties.

      The borrowing party shall retain a copy of the signed contract at the time it is signed.

      History:   L. 1988, ch. 328, § 7; July 1.