Help Needed - Legal Financial Question

Hi. I am not sure if this is the right place to post this question.

I am going to start lending money in a niche market. (Owner occupied residents)

The loans resemble hard money, but they are for owner occupied residential properties. Although, I know these loans have different rules than hard money.

What am I allowed to charge and not transgress usery laws? (I am charging a combination of rate and points.)

Any help would be appreciated.

- Charlie

Comments(1)

  • cjmazur30th June, 2004

    check your local laws. In CA you need a broker's license or finance license.

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