Tribal Licensing

[Senf33]

Would a tribal lender require a state license to be able to legally lend money in North Carolina?

 

[Just Blue]

Would a tribal lender require a state license to be able to legally lend money in North Carolina?

I STRONGLY suggest you consult with an Attorney who specializes in Banking Law.

 

[LdiJ]

Would a tribal lender require a state license to be able to legally lend money in North Carolina?

I don't think that question can be answered without context. Also, whether by "tribal lender" you mean an individual or some sort of organization.

 

[quincy]

Would a tribal lender require a state license to be able to legally lend money in North Carolina?

Payday loans are illegal in North Carolina. And a State lending license is required. And there is an interest APR cap.

There were problems a few years ago with “tribal loans” that were not really connected with any tribe, which led to Attorney General and legislative action in North Carolina. But a true tribal lender can claim immunity from both local and state laws that regulate other lenders.