(a) A lender who fails to make loan advances as required in the loan documents shall pay the borrower triple the amount wrongfully withheld plus interest at the maximum legal rate.
(b) No arrangement, transfer, or lien subject to this chapter shall be invalidated solely because of the failure of a lender to comply with any provision of this chapter.
(c) Nothing in this section shall preclude the application of any other civil remedy provided by law.
Section: Previous 23-54-102 23-54-103 23-54-104 23-54-105 23-54-106 23-54-107 23-54-108 23-54-109Last modified: November 15, 2016