Q: NJ p2p lending firm we are not originate the loans do we have to get Consumer Lenders/Sales Finance Company license?
We are a startup lending firm offering personal unsecured loans. We Won't originate the loans.
Do we need any license to operate in NJ?
A: You need to have an in person consultation with an experienced business attorney to learn exactly what the rules and requirements are for you to operate this type of business in NJ. You can have serious problems if you do not conduct your business properly. Good luck.
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