Individual loan providers and brokers you want permits, and you can, as usual, banking companies, saving and you may loans, borrowing unions, and the like was excused

Individual loan providers and brokers you want permits, and you can, as usual, banking companies, saving and you may loans, borrowing unions, and the like was excused

2) ALASKA: A person may not engage in the business of making loans of money, credit, goods, or things in action in the amount or of a value of $25,000 or less and charge, contract for, or receive on the loan a greater rate of interest, discount, or consideration than the lender would be permitted by law to charge if the person were not a licensee under this chapter, in the place of first acquiring a permit from the department.

As well as often the circumstances, banking institutions, deals and fund, faith companies, strengthening and you will loan associations and you can borrowing from the bank unions was exempt into licensing needs

3) ARIZONA: Like other other claims, Washington considers short funds, in this instance those significantly less than $ten,one hundred thousand, getting individual loans, it doesn’t matter if the bucks can be used for personal or business motives. Continue reading “Individual loan providers and brokers you want permits, and you can, as usual, banking companies, saving and you may loans, borrowing unions, and the like was excused”