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Updated over 7 years ago on . Most recent reply
Are there any legal requirements for Private money lending?
Hi Experts,
We have formed a LLC and are already in business of providing private/hard money loans for rehabs and ground-up constructions. Is there any legal requirements to fulfill to make sure our LLC is legitimate for private money lending? If so, any lawyer ( Austin, Tx) that you would recommend?
thanks,
Most Popular Reply
Jay Hinrichs
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
there are 12 states were licensure is required regardless of purpose of loan IE owner occ or investment purpose.
I don't believe TX is one that requires license for non owner occ.
@?jason
@Jason Hirkoundefined am I correct in the license requirements for TEXAS.
OP great business done right good luck with it.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners