Enacts provisions relating to Internet consumer lenders. (BDR 55-951)

From the Legislature

AN ACT relating to financial services; setting forth certain requirements for a contract between an Internet consumer lender and a resident of this State for the provision of a loan; authorizing an Internet consumer lender to apply for a license to engage in the business of lending for an office or place of business located outside this State without having a license for an office or place of business located inside this State; exempting Internet consumer lenders from provisions prohibiting a person from conducting the business of making loans in the same office or place of business as any other business; and providing other matters properly relating thereto.