50-1017. Prohibited acts.
50-1017
50-1017. Prohibited acts.A loan broker shall not, in connection with an offer of or a contract fortheservices of a loan broker, either directly or indirectly, do any of thefollowing:
(1) Employ any device, scheme or artifice to defraud;
(2) make any untrue statements of a material fact or omit to state amaterial fact necessary in order to make the statements made, in the lightof circumstances under which they are made, not misleading; or
(3) engage in any act, practice or course of business that operates orwould operate as a fraud or deceit upon any person.
History: L. 1988, ch. 328, § 17;L. 1992, ch. 226, § 12; July 1.