Wait! I thought pdl's were illegal in Iowa
Date: Wed, 08/26/2009 - 12:32
Please refrain from posting copied content, instead give a deactivated url - Jason
i honestly am not familiar with Iowa laws.. in your thread a ver
i honestly am not familiar with Iowa laws.. in your thread a very knowledgeable member said your internet loans were not legal. perhaps only storefronts are legal there? if unsure, it is always best to call the Iowa Divison of Banking.. this law does not appear to be clean cut so your loans still might not be legal (in other words there seems to be a lot of regulations attached, which would make your companies illegal). but i am not 100% sure on this.
:)
Ahhh gotcha, I see what you're saying. *whew* thanks for that b
Ahhh gotcha, I see what you're saying. *whew* thanks for that bit of info.
i would hang tight or call the banking division number just to b
i would hang tight or call the banking division number just to be sure though, trish :) do not panic, even if they were to be legal, we can still help
reply
internet pdl's have to have license in iowa to lend.like my home state IL.pdl's are legal,but must have a license in the state to lend.
No no I'm not going to panic I just want to get all my ducks in
No no I'm not going to panic I just want to get all my ducks in a row so that I can follow the correct procedures. I want to make sure I educate myself and send out the correct letters and such. I don't want to give them cause for calling me on it and saying I screwed up.
you are going to be fine, your laws were cleared up. everything
you are going to be fine, your laws were cleared up. everything will be okay.
