[LAW-LIB:54656] Which states require licenses for commercial loans?

From: Wynne Browne (wbrowne@drm.com)
Date: Tue Feb 05 2008 - 14:13:46 PST

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    I am supposed to find out which state require lenders to have a license
    for commercial loans ( not mortgages & not banks or other regulated
    institutions). Many states have licensed lender laws to protect the
    consumer, some have laws regulating commercial loans. Vermont Banking
    Dept. insists there are many, my attorney insists there are few. I have
    looked in Westlaw's 50 state surveys and tried many different searches
    in all state statutes. I get 400 hits or 14. The attorney (
    transactional practice) is convinced it should be a simple search.
    Does anyone know of any source for this information?
    Do you know if your state has such a law?
    Anything to short cut a 50 state survey. Please!
     
    TIA
     
    Wynne
     

    Wynne Browne, Librarian
    Downs Rachlin Martin
    90 Prospect St. PO Box 99
    St. Johnsbury, VT 05819-0099
    802 748 8324
    802 748 4394 fax
    wbrowne@drm.com
    http://www.drm.com <http://www.drm.com/>

     

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