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#1
06-21-2006, 09:01 AM
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Member
Join Date: Jun 2006
Location: Tx
Posts: 156
Credits: 39,703
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Sub:
Texas Laws with PDL's and laws
I am searching for more information so that I dont get totally screwed! and end up paying more than like everyone else
but I found this today in searching I just need to find the statue to back this up Duplicate Content removed as per forums rules. Please post the link of the website - Mike 
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#2
06-21-2006, 09:13 AM
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Junior Member
Join Date: May 2006
Posts: 25
Credits: 1,071
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Sub:
How does this apply to online lenders? Do they have to follow the same laws? I am dealing with a few PDL companys and they tried to tell me that they do not have to follow these same laws because they are not located in Texas.
Apple Fast Cash United Cash 500fastcash
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#3
06-21-2006, 09:15 AM
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Member
Join Date: Jun 2006
Location: Tx
Posts: 156
Credits: 39,703
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Sub:
We need some more input but from what I have read here they have to be licensed in your state or follow your laws of your state since you live there follow me
But Im not sure that is what I need clarification on as well
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#4
06-21-2006, 09:24 AM
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Senior Member
Join Date: Dec 2005
Posts: 1,172
Credits: 18,847
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Sub:
Yes they do have to follow the laws of your state. The licensing issue isn't as clear but there is a lot of really good information on this site about this issue. United and 500 fast cash will tell you lots of things...
__________________
Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it. - Lou Holtz
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#6
06-21-2006, 09:35 AM
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Member
Join Date: Jun 2006
Location: Tx
Posts: 156
Credits: 39,703
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Sub:
With one of mine I went and looked that that form again and it says that it doesnt matter what state you reside in they go by there laws in Grenada where the hell is that and is that true?
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#7
06-21-2006, 09:39 AM
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Senior Member
Join Date: Nov 2005
Posts: 3,109
Credits: 46,887
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Sub:
All pdls have to go by the laws in the state in which the borrower lives.
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#8
06-21-2006, 09:43 AM
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Member
Join Date: Jun 2006
Location: Tx
Posts: 156
Credits: 39,703
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Sub:
I will be closing my checking account and opening a new one but it also says on the webiste of thiers that they will debit any account that you have in your name? They cant legally do this right?
I will close the account and then I will contact the PDL's to see about paying the rest of what I owe them but gosh in reading they should only be able to renew once a month it says per Texas laws not twice a month
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#10
06-21-2006, 11:22 AM
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Sub:
If you move to a different state, you will be required to follow the laws of Texas only. But the laws to collect the debt of the new state will be exercised where you will be residing. Take my advice after getting it verified with the attorney general of your state.
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