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