The licensing provisions for making consumer credit loans that were traditionally referred to as small loans are found in §§367.100-367.215. Such a licensee may make loans, whether secured or not, in any amount of $500 or more, i.e., there is no upward limit. This license, due to various exemptions from other licensing acts, also authorizes the purchase of all kinds of dealer paper, for example, dental contracts, motor vehicle sales finance contracts, home improvement contracts…
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