what kind of laws are there for finance co. selling a loan to another one at higher int. rates Orig, in Utah?
358568
many states have different policies. i live in north carolina and had my loan sold 3 times but interest stayed the same.check with the state commerce office
284444
Yes, it's legal.  They can charge a lot by charging various "fees".  You can probably get better answers to specific questions by calling your state banking commission.  If they don't regulate these type of lenders, they can certainly direct you to the state agency that does.\n\nGenerally, a teenager under 18 cannot be held legally to a contract and has the option of voiding any contract they sign if they so desire.  A teenager 18 years old or above is an adult, not a child and CAN be held responsible for their actions in signing for a loan or anything else.\n\nBy the way, your math is off a bit.  I used to be in accounting & finance in the military for 20 years and I can tell you that $81.04 interest for 11 days on a $349 loan, making the payback $430.04 is more like 771%, assuming we count the entire $81.04 as "interest".  A very expensive loan!  A credit card would have been a whole lot cheaper.\n\nI would suggest you teach your child how to establish good credit or help him/her do that so that in the future, he/she can deal instead with banks or credit unions when he/she needs money.  These short term payday lenders are for people who don't have good credit and as a result, have to pay these very high interest rates and fees to get money because banks and credit unions won't lend them money.\n\nHaving a good credit record is the key.
605563
http://www.ilrg.com/forms/#loans\n\n\nhttp://www.agreementsetc.com/loan-agreement/?gclid=CPeZj4PCloUCFRQaJAodUl9HZg\n\n\nHope this helps !!
1006584
I think it is possible but it depends on the financial insitution you go to.  I work at a credit union, and we won't finance two vehicles on the same loan, unless it is two jetskis or snowmobiles.
12373
Don't lend money outside of the USA.  It will be almost impossible for you to sue the other party.
1081219
Make sure your loan contract says that excess goes to principle, which is the more favorable option.\n\nMost, not all, loan agreements are written this way, so double check.  Ask to see the language in the document if you are currently loan shopping.
774884
Not unless you are applying for a joint loan or are a co-signer.
577220
Law relating to finance or financial matters, such as money, taxes, or public or private revenues.
70668
They will offer you an 80/20 percent , 2 loans, the second will be the downpayment, and 2 years will be INTEREST ONLY!\n\nBe sure the loan officer not add too much for transaction...
136387
There is in fact a law but it has a high limit. I think its something like 33% over current prime rate. this could mean interest as high as 39%.
661691
I'm not sure what your experience or education is in...but when you said Utah...I saw fireworks!\nI have a friend who just started selling lia sophia jewelry in Wyoming and she is the only one for miles and miles and miles and she is making so much money, I'm jealous!  Her business is BOOMING and I know in Utah, you'd have the market cornered!!!  Check it out.
46445
If you're looking for exact lending criteria, this is not governed by banking laws.\n\nBanking laws (and regulations) are somewhat general when it comes to consumer loans. \n\nHere are some laws you might want to research:\n\nTruth in Lending Act and Regulation Z\nEqual Credit Opportunity Act and Regulation B\nReal Estate Settlement Procedures Act - HUD's Regulation X\nFair Housing Act\n\nYou can also explore BankersOnline. Under the Compliance section is a link for Alphabet Soup and that is a list of most banking laws and regulations.
89254
call a broker or resale agency. they are usually connected through loan agencies.
1027102
There is not enough information to answer your question. What kind of loan is issued? There are different laws regarding mortgages, credit cards, personal loans, etc. There also may be federal regulations in addition to state laws. From the sound of what you are asking, I'd call a lawyer.
917323
You would need to be more specific to get a good answer.  It depends on a number of factors - what is being sold, is the person selling it an expert in that type of item, what state are you in, etc.  Overall, Article 2 of the UCC (Uniform Commercial Code) governs the sale of goods, but different states have adopted it in different forms.\n\nIf you can provide a bit more detail, you'll get a much better response.  Good luck to you -
149986
I don't think it does so long as the lender isn't making a profit on the operation no one makes copies of the book.  But that's just a guess, if you're planning to try it I'd check with a lawyer first (or a book publisher).
351245
Yes, its called carry-trading, and the most popular place to do it is Japan because the interest rate there is 0.01%, which means that loans are cheap at the moment.  But its not available for all U.S. states.  Email me with details if you want to know more.