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East Side IS Licensed in DE

Date: Wed, 09/08/2010 - 13:12

Submitted by anonymous
on Wed, 09/08/2010 - 13:12

Posts: 202330 Credits: [Donate]

Total Replies: 7


Well, I must correct you, because I just got off the phone with a Fred Lowden from the DE Banking Commissioners office, and he says he DOES have East Side Lenders as being licensed. They also have a public contact person as being a Kristy Finazzo at 302-351-5274. If anyone has complaints about East Side, Mr Lowden says go ahead and file a complaint and they will see what they can do, but again, the correction is that they are licensed. Not only that.... he said that they are licensed to do Deleware business, so if someone drives over to DE to take out a loan then they are subject to DE law. He says that the way the Banking Commissioner looks at the internet is....its the same a if someone drove to DE to take out a loan. He understands the conflict that states may have, and suggests that wherever consumers live, they get their AG office involved, because its going to be YOUR local AG's office that is going to have to protect your rights. He was very nice, and really opened my eyes on a lot of things.


Quote:

Originally Posted by Anonymous
Well, I must correct you, because I just got off the phone with a Fred Lowden from the DE Banking Commissioners office, and he says he DOES have East Side Lenders as being licensed. They also have a public contact person as being a Kristy Finazzo at 302-351-5274. If anyone has complaints about East Side, Mr Lowden says go ahead and file a complaint and they will see what they can do, but again, the correction is that they are licensed. Not only that.... he said that they are licensed to do Deleware business, so if someone drives over to DE to take out a loan then they are subject to DE law. He says that the way the Banking Commissioner looks at the internet is....its the same a if someone drove to DE to take out a loan. He understands the conflict that states may have, and suggests that wherever consumers live, they get their AG office involved, because its going to be YOUR local AG's office that is going to have to protect your rights. He was very nice, and really opened my eyes on a lot of things.


really?you think?i never go to anybody but my state AG as far as protecting me from illegal pdl's.btw DE is one of the most lax states in the union.not suprised at all by this,but the individuals AG will fight better anyway.


lrhall41

Submitted by paulmergel on Wed, 09/08/2010 - 13:21

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Quote:

Originally Posted by frogpatch
I have filed complaints with AGs in the states where PDLS are physically located with some success! Not Delaware. They all seem to have mail drops in Delaware! I wonder why?


It has to do with protections that are provided to corporations. This is similar to NV for confidentiality and SD for banking. Some states create a scenario that attracts business (of whatever kind) and some do not.


lrhall41

Submitted by PDLOwner on Wed, 09/08/2010 - 15:41

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