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Just wanna know if a loan become illegal if I move to a state where it is illegal?

Date: Mon, 08/31/2020 18:00
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Just wanna know if a loan become illegal if I move to a state where it is illegal?

How will i know if a pdl is legal? The other day one of my friends told that a loan legal in other states can be illegal in my state. if I take out a loan from one state where it is legal and move to another state where it is illegal, do I need to pay the onterest or vice versa.




It does not happen like that.

The other day one of my friends told that a loan legal in other states can be illegal in my state.


it can happen. But, the law will be applicable for the state where the debt originated.

if I take out a loan from one state where it is legal and move to another state where it is illegal, do I need to pay the onterest or vice versa.


Yes. You have to.

Sub: #1 posted on Tue, 09/01/2020 - 05:15

David Martin David Martin

(Posts: 382 | Credits: )

Yes, so, you will have to repay the debt and follow the terms and conditions from the state it originated. If it's a pdl, seems to be from your post, repay it asap.

Sub: #2 posted on Tue, 09/01/2020 - 08:00

Good Nelly Good Nelly
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(Posts: 2825 | Credits: )

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