Tuesday, June 21, 2011

I live in Florida and was wondering if I needed a private lending licence to sell construction loans in the US

I live in Florida and was wondering if I needed a private lending licence to sell construction loans in the US
I live in Florida and was wondering if I needed some sort of private lending licence to sell construction loans in the US. If I do where can I go to get one? Thanks
Law & Ethics - 1 Answers
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1 :
If you are soliciting borrowers on behalf of someone other than yourself or your employer you'll need a mortgage broker's license. (assuming you use the term "construction loan" as it is commonly understood.)