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Maryland Banking Questions & Answers
1 Answer | Asked in Banking, Business Formation, Business Law and Real Estate Law for Maryland on
Q: I paid cash for a house and am now renting it out. Is it possible to form an LLC and mortgage the house from myself?

I would like to mortgage 80% of the home value.

Cedulie Renee Laumann
Cedulie Renee Laumann
answered on Sep 28, 2017

If the question is "can an individual make a loan to a business they own," the answer is "generally, yes." The individual would of course need to report any interest income received. If the question is "can a business make a loan to an individual who owns the... View More

2 Answers | Asked in Banking, Criminal Law, Identity Theft and Gaming for Maryland on
Q: If i get a fake (non-working) credit card online , and when i go to buy something, it works...what will happen? imnot18
Bennett James Wills
Bennett James Wills
answered on Feb 4, 2017

If you are intentionally using a credit card that you know does not work or is not actually your account and you use it to try and purchase something - then you are potentially committing theft. You risk being charged with a crime.

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