Prohibited acts

50-1017. 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). Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026