BL Section 340 provides: No person or other entity shall engage in the business of making loans in the principal amount of twenty-five thousand dollars or less for any loan to an individual for personal, family, household, or investment purposes and in a principal amount of fifty thousand dollars or less for business and commercial loans, and.
Hi! I have the opportunity to make some loans to a home flipping business in FL (structured as an LLC) secured by first position mortgages on residentHi! I have the opportunity to make some loans to a home flipping business in FL (structured as an LLC) secured by first position mortgages on resident
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