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National Cash Lenders Legal in Tennessee?

Submitted by knoellev on Sat, 11/05/2011 - 11:06
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Hello,
I have a Payday Loan that I am trying to find out if they are legal or illegal in the state of Tennessee?
National Cash Lenders
Loan: $300
Paid: $150
Thank you to all that can help!!


Well I found this on their webpage which make me think they are illegal...
Quote:

DISCLOSURE NOTICE: This service and website does not constitute solicitation to provide short term/ payday loans/ cash advance loans. The application is for a matter of convenience and is not an offer to make a loan. Payday loans, cash advance service or fast cash loans may or may not be available in your particular state. We are a Delaware based lender. If you submit this loan application to us, we will receive and process it, the same as if you submitted it to us in person. We only make loans through our operations in Delaware. If we approve your application, the funds will be disbursed from our account in Delaware. Our loans are governed by Delaware law. Delaware consumer loan agreements may differ from the laws of the state where you reside. Applicant is responsible for complying with all statutory obligations regarding obtaining loans by internet that may exist in their state of residence. If it is not your intent to enter into a loan agreement subject to Delaware law, you should apply for this loan with a lender located in the state where you live.


Submitted by SOAPLADY on Sun, 11/06/2011 - 20:40

SOAPLADY

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The contact detail of the Tennessee Department of Financial Institutions is as follows:
# Address - 511 Union Street, Suite 400 Nashville TN 37219
# Phone - (615) 741-2236
# Fax - (615) 532-1018

If you find that they are not licensed in your state, then you may go through the following link:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


Submitted by sandra.nelson15 on Mon, 11/07/2011 - 01:59

sandra.nelson15

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