Is it legal to lend your private funds?

Is it legal to lend your private funds?

Investor · Corona, CA · Member since 2016 · 3 posts · 0 votes

Is it legal to lend money in California and charge an interest? If you are providing transnational funds to someone, would you be classified as a lender and you will have to follow some rules and guidelines?  

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  • Escrow Officer · Temecula, Ca. · Member since 2016 · 418 posts · 152 votes
    7y

    CFPB lending guidelines apply usually when you do 5+ loans a year. You would just have to comply with Usury Laws in Cali as a private lender. 

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