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Old 05-09-2006, 03:05 PM
crash9 crash9 is offline
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Join Date: Nov 2003
Location: Tiki Island Texas
Posts: 1,049
Quote:
Originally Posted by TX76513
Be careful with that advice - check out your state laws. Some states require you be a licensed financial institution to charge interest otherwise the lendee can tell you to pound sand.
You've got a very good point there. I was just shooting from the hip, but if you keep it small and make it a personal loan I'd doubt you'd be in to deep. Maybe not, always good to check with a lawyer.
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