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User loan providers and you may brokers you want certificates, and you will, of course, finance companies, saving and money, borrowing unions, and so on is actually exempt
2) ALASKA: A person may not engage in the business of making loans of money, credit, goods, or things in action in the amount or of a value of $25,000 or less and charge, contract for, or receive on the loan a greater rate of interest, discount, or consideration than the lender would be permitted by law to charge if the person were not a licensee under this chapter, in place of very first obtaining a licenses from the department.
As it is usually the situation, finance companies, deals and you can loans, faith people, strengthening and mortgage associations and you can borrowing from the bank unions was excused towards the certification requirements
3) ARIZONA: Like many other claims, Arizona takes into account small financing, in this instance those significantly less than $10,one hundred thousand, become user funds, whether or not the cash is employed for personal otherwise providers purposes.
