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#1914462 - 04/15/14 02:15 PM NBFI- Title Loans??
*W*W* Offline
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Joined: Feb 2010
Posts: 835
I thought title loan businesses were considered NBFIs, but I reviewed Appendix D in the BSA Exam Manual and now I'm doubting myself. Can anyone weigh in? Are they NBFIs?
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#1914492 - 04/15/14 02:59 PM Re: NBFI- Title Loans?? *W*W*
Dani York, CRCM Offline
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Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
I would classify them as NBFIs as they are a type of loan or finance company.

From the BSA Manual:
•Other financial institutions (e.g., dealers in precious metals, stones, or jewels; pawnbrokers; loan or finance companies).
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#1914500 - 04/15/14 03:16 PM Re: NBFI- Title Loans?? *W*W*
*W*W* Offline
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Joined: Feb 2010
Posts: 835
Thanks, Dani! I must have perused that too quickly smile
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#1997639 - 02/23/15 07:48 PM Re: NBFI- Title Loans?? *W*W*
Compnerd Offline
Junior Member
Compnerd
Joined: Oct 2011
Posts: 30
Ada, OK
We are an FDIC insured institution.
Are there any restrictions to lending (Comm LOC) to an NBFI?
I have reviewed the BSA Exam manual (pages 299onwards) and did not find any restrictions in particular.
Thank you.

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#1997728 - 02/24/15 02:32 AM Re: NBFI- Title Loans?? *W*W*
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
You are free to lend money to whomever you think might pay you back.
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