SGA Publishes Installment Lending Licensing Survey
AFSA’s State Government Affairs (SGA) team published a new 50-state survey on installment lending licensing. The survey provides an overview of state licensing requirements. In 34 states and the District of Columbia licensees can apply through the Nationwide Multistate Licensing System (NMLS). In 16 states, licensees must apply directly with the state regulator. The survey provides an overview of license fees, requirements on loan principal and term, and annual reporting requirements. It also outlines which employees and owners must be listed on a license application.
This survey can be found with AFSA’s other state surveys and charts in the state resources page on AFSA’s website.
August 22nd, 2022 by Dan Bucherer
