Important Notice

Loan AI Portal is NOT a lender

We operate as a loan matching service connecting consumers with licensed lenders. We do not originate loans, make credit decisions, or require state lending licenses. All lenders in our network maintain appropriate state licenses and regulatory compliance.

Our Role as a Matching Service

Loan AI Portal operates as a technology-powered loan matching platform that connects consumers seeking personal loans with licensed lenders in our network. We partner with RoundSky, a trusted technology provider, to deliver our platform services.

As a matching service, we:

Facilitate connections between borrowers and licensed lenders
Provide AI-powered matching technology to optimize loan searches
Maintain a network of state-licensed and regulated lenders
Ensure all lenders comply with applicable federal and state laws
Do NOT originate loans or make lending decisions

Lender Licensing Requirements

All lenders in our network are required to maintain appropriate licenses and comply with regulations in the states where they operate. Common licensing requirements include:

State Lending Licenses

Lenders must obtain and maintain licenses from state financial regulatory agencies, which may include:

Consumer Finance License - Required in most states for personal loans
Money Transmitter License - Required for certain payment processing
Sales Finance License - Required in some states for installment loans
Regulated Loan License - State-specific lending authorization
Small Loan License - For loans under state-specific thresholds

Federal Compliance

Lenders must comply with federal lending laws including:

Truth in Lending Act (TILA) - Disclosure requirements
Equal Credit Opportunity Act (ECOA) - Anti-discrimination protections
Fair Credit Reporting Act (FCRA) - Credit reporting standards
Gramm-Leach-Bliley Act (GLBA) - Financial privacy requirements
Electronic Fund Transfer Act (EFTA) - Electronic payment rules

State-Specific Regulations

Each state has unique lending laws and regulations. Our lender network includes institutions licensed to operate in specific states:

Key State Variations:

Interest Rate Caps: Many states limit maximum interest rates (usury laws)
Loan Amount Limits: States may cap maximum loan amounts
Loan Terms: Minimum and maximum repayment periods vary
Fee Restrictions: Limits on origination fees, late fees, and other charges
Licensing Requirements: Different license types and renewal processes
Disclosure Requirements: State-specific consumer protection disclosures
Cooling-Off Periods: Some states require waiting periods or right to cancel

For detailed information about lending regulations in your state, please visit our States Page.

Technology Partnership with RoundSky

Our platform operates in cooperation with RoundSky, a technology service provider that powers critical components of our loan matching platform:

Application Technology: Secure form processing and submission infrastructure
Platform Infrastructure: Cloud-based services and technical architecture
Lender Integration: API connections and data transmission to lender networks
Security Services: Data encryption, storage, and protection systems
Compliance Tools: Regulatory compliance monitoring and reporting

RoundSky operates as our technology service provider and is NOT a lender. RoundSky does not make lending decisions, set loan terms, or originate loans. All lending decisions are made independently by licensed lenders in our network.

Lender Network Standards

We maintain high standards for lenders in our network. All participating lenders must:

Hold valid licenses in states where they operate
Maintain good standing with state regulatory agencies
Comply with all federal and state lending laws
Provide clear and accurate loan disclosures
Follow fair lending practices and anti-discrimination laws
Maintain appropriate insurance and bonding
Implement strong data security and privacy protections
Handle consumer complaints appropriately
Submit to regular compliance reviews

Tribal Lending Entities

Some lenders in our network may be owned or operated by Native American tribes. These lenders:

Operate under tribal sovereignty and may not require state licenses
Are regulated by tribal gaming commissions or similar authorities
May offer different loan terms than state-licensed lenders
Must still comply with applicable federal laws
Are subject to the laws and jurisdiction of their tribal nations

If matched with a tribal lender, you should review their specific terms, jurisdiction, and dispute resolution procedures carefully.

Consumer Protection

Borrowers are protected by various federal and state consumer protection laws:

Your Rights

Right to receive clear, accurate loan disclosures before accepting a loan
Right to know the APR, fees, and total cost of the loan
Right to non-discriminatory treatment in lending decisions
Right to dispute inaccurate credit reporting
Right to privacy and data protection
Right to file complaints with state regulators
Right to rescind certain loans within cooling-off periods (where applicable)

Filing Complaints

If you have concerns about a lender's practices, you can file complaints with:

State Attorney General: Consumer protection division
State Financial Regulator: Banking or financial services department
Consumer Financial Protection Bureau (CFPB): Federal consumer watchdog
Better Business Bureau (BBB): Business accountability organization

Regulatory Agencies by State

Each state has its own financial regulatory agency responsible for licensing and overseeing lenders:

Common Agency Names:

Department of Banking
Division of Financial Institutions
Office of Financial Regulation
Department of Commerce

Responsibilities:

Issue and renew licenses
Conduct examinations
Investigate complaints
Enforce lending laws

Visit our States Page for contact information for your state's financial regulator.

Compliance and Monitoring

We take regulatory compliance seriously and implement the following measures:

Regular review of lender licenses and regulatory status
Monitoring of state lending law changes and updates
Verification of lender compliance with disclosure requirements
Investigation of consumer complaints about network lenders
Removal of lenders who fail to maintain compliance standards
Coordination with RoundSky on technical compliance measures
Regular security audits and data protection reviews

Military Lending Act (MLA) Compliance

The Military Lending Act provides special protections for active-duty service members and their dependents. Lenders serving military borrowers must:

Cap the Military Annual Percentage Rate (MAPR) at 36%
Provide specific MLA disclosures
Not require arbitration or unreasonable notice provisions
Not require allotments or check payments
Not require waiver of consumer protection laws

If you are an active-duty service member or dependent, please inform any lender you work with to ensure MLA protections are applied.

Data Security and Privacy Compliance

Our platform and all network lenders comply with data protection regulations:

GLBA (Gramm-Leach-Bliley Act): Financial privacy and data security requirements
State Privacy Laws: Including CCPA, CPRA, and other state-specific regulations
PCI DSS: Payment card industry data security standards (where applicable)
SOC 2: Service organization controls for security and availability
Data Breach Notification: Compliance with state and federal breach notification laws

For more information, see our Privacy Policy.

Verifying Lender Credentials

We encourage borrowers to independently verify lender credentials before accepting a loan:

How to Verify a Lender:

Ask the lender for their license number and issuing state
Check the state regulator's website for license verification
Search for complaints with the BBB or state attorney general
Read reviews and check the lender's reputation
Verify contact information and physical business address
Review loan documents carefully before signing

Disclaimer

While we make reasonable efforts to ensure all lenders in our network maintain appropriate licenses and comply with applicable regulations, we:

Do not guarantee the accuracy or current status of any lender's licenses
Are not responsible for lender compliance with licensing requirements
Recommend borrowers independently verify lender credentials
Are not liable for actions or omissions of licensed lenders
Cannot guarantee lender licensing in all states

For complete terms and conditions, see our Terms of Service and Disclaimer.

Contact Information

For questions about licensing, regulatory compliance, or lender credentials:

Loan AI Portal

Email: maloni@outlook.com

Business Hours: Monday-Friday, 9 AM - 5 PM EST

Visit our Contact Page for more information or to submit a specific inquiry.

Additional Resources

Federal Agencies

• Consumer Financial Protection Bureau (CFPB)
• Federal Trade Commission (FTC)
• Office of the Comptroller of the Currency (OCC)

Industry Organizations

• Conference of State Bank Supervisors (CSBS)
• American Financial Services Association (AFSA)
• Online Lenders Alliance (OLA)

Licenses & Regulatory Information