Legal Question in Business Law in Indiana
So if I were to start a company and all we did were make exhanges. For example you want to save $1,000 we will give you a piece of paper saying it’s worth $1,000 once you pay us that amount of money. There will be payment plans and it’s for people to save money and build credit. What laws and regulations should I be worried about and would we be considered a loan institution?
Asked on 8/27/18, 9:24 am
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
If you do that, you could be in BIG trouble.
Answered on 8/28/18, 6:44 pm
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