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Products > StateLaw Databases > Installment Licensed Lender

StateLaw Databases

In-depth analysis of the laws that affect consumer credit transactions and privacy

Installment Licensed Lender

Installment Licensed Lender covers laws that apply to the following types of consumer-purpose loans, in any amount:

  • unsecured
  • secured by motor vehicles, goods, or other collateral
  • open-end lines of credit
  • closed-end loans

The product addresses issues in a question/answer format, and includes questions on licensing, fee and payment limitations, disclosures, titling and security interests, recordkeeping, and collections. The responses are based on state statutes, regulations, and materials published by the regulating entity. The responses generally do not cover local or municipal ordinances. If there is more than one licensing scheme that applies in a particular response, the responses are categorized by licensing scheme.

Installment Licensed Lender does not cover laws related to retail installment sales, transactions secured by real property and/or dwellings, title loans, payday loans, pawn transactions, rental or rent-to-own transactions, or commercial purpose loans.

Questions in the following categories are addressed:

  • Governing Law/Licensing
  • Record Retention
  • Finance Charge Rate
  • Origination Fees
  • Servicing Fees
  • Default Charges
  • Payment/Term Limitations
  • Modifications
  • Prepayment
  • Insurance
  • Disclosure Requirements
  • Titling and Security Interests
  • Miscellaneous Issues
  • Broker Issues
  • Collection
  • Penalties

For a personal guided tour and free trial, please contact Michael Willer at 614-855-0505, or by .