Nationwide Cash now located in DE, not NM?
Date: Thu, 01/28/2010 - 08:22
Submitted by roll_the_dice711
on
Thu, 01/28/2010 - 08:22
Total Replies: 7
I doubt if they are located there, they probably have a P.O. Box
I doubt if they are located there, they probably have a P.O. Box there and have obtained a license in DE because of the lax laws.
Thanks, I figured something like that. I was hoping they were l
Thanks, I figured something like that. I was hoping they were located in NM, I have all kinds of information that states loans made by unlicensed PDL vendors don't have to be repaid. :twisted:
There's a big difference between not liking a state's payday loa
There's a big difference between not liking a state's payday loans laws and describing them as "lax." The Delaware Bank Commissioner sends investigators into every licensed lender every year where the spend a week checking loan files to make sure all required disclosures are present and accurate, that fees collected are actually those specified in the contract, etc. And every Delaware-issued license contains the address where the Bank Commissioner performs those onsite investigations. If the Delaware Bank Commissioner gave you a Delaware address for a lender, then you can be pretty certain the lender is in Delaware.
Quote:Originally Posted by AnonymousThere's a big difference bet
Quote:
Originally Posted by Anonymous There's a big difference between not liking a state's payday loans laws and describing them as "lax." The Delaware Bank Commissioner sends investigators into every licensed lender every year where the spend a week checking loan files to make sure all required disclosures are present and accurate, that fees collected are actually those specified in the contract, etc. And every Delaware-issued license contains the address where the Bank Commissioner performs those onsite investigations. If the Delaware Bank Commissioner gave you a Delaware address for a lender, then you can be pretty certain the lender is in Delaware. |
What does this have to do with the statement I made about lax payday loan laws in DE?
About as much as your opinion on Delaware lending laws had to do
About as much as your opinion on Delaware lending laws had to do with the poster asking where a lender is located. Other than that all I can suggest is picking up a copy of Websters and looking up the definition of lax.
Quote:Originally Posted by AnonymousAbout as much as your opinio
Quote:
Originally Posted by Anonymous About as much as your opinion on Delaware lending laws had to do with the poster asking where a lender is located. Other than that all I can suggest is picking up a copy of Websters and looking up the definition of lax. |
I'm not arguing with you, that isn't why I am here, I answered the OP to the best of my ability, I was only trying to understand the purpose for your post. I could have went into a long explanation of what I meant by lax but the OP seemed to pick up my meaning rather quickly, on the other hand you stepped in and felt there was a need to post a book of how DE operates, which by the way doesn't apply to Internet payday lenders.
I believe they are a Pennsylvania outfit with PO boxes.
I believe they are a Pennsylvania outfit with PO boxes.