For purposes of this subchapter, unless the context otherwise requires: (1) “Advance fee” means any consideration which is assessed or collected prior to the closing of a loan by a loan broker; (2) “Affiliate” means any person who, directly or indirectly, through one (1) or more intermediaries, controls, is controlled by, or is under common […]
Nothing in this subchapter limits the rights or remedies which are otherwise available to a consumer under any other law.
A principal of a loan broker shall be liable under this subchapter to the same extent as the loan broker himself or herself for any actions on behalf of the loan broker, or the loan broker’s agents or employees, which violate this subchapter.
It shall be unlawful for a loan broker to: (1) Assess or collect an advance fee from a borrower to provide services as a loan broker; or (2) Make or use unfair, false, misleading, or deceptive representations or to omit any material fact in the offer or sale of the services of a loan broker, […]
(a) (1) A violation of any of the provisions of this subchapter shall constitute an unfair or deceptive act or practice as defined by the Deceptive Trade Practices Act, § 4-88-101 et seq. (2) All remedies, penalties, and authority granted to the Attorney General under the Deceptive Trade Practices Act, § 4-88-101 et seq., shall […]
