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Updated almost 4 years ago,

User Stats

51
Posts
17
Votes
Adam Johnson
  • Rental Property Investor
  • Spartanburg, SC
17
Votes |
51
Posts

Investing in States that don't require licenses

Adam Johnson
  • Rental Property Investor
  • Spartanburg, SC
Posted

Hello all,

I know that NMLS provides information on rules and regulations for investing in individual states but is there any specific or particular verbiage that allows one to know if a license is required to purchase a performing or non performing note in that state?  I tried to compare another state to Georgia since I know Georgia requires a debt buyers license but I couldn't discern a difference from the NMLS website.  I'm just trying to find out which states require you to have a license to purchase non performing or performing notes on single family residencies; if NMLS can't provide the information can I call the county website to find out?  If so what do I need to ask them?  Thanks in advance if you can help and sorry to burden anybody.

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