Investing in States that don't require licenses

[Adam Johnson]

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.

[Chris Seveney]

@Adam Johnson

There is not a one table list all as laws regarding this are very interpretive and honestly no one in their right mind would publish a list for liability purposes

Your best bet is to speak to an attorney in that state.