Contracts required to be in writing; retention of copy by borrowing party.

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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.


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