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#980606 - 06/24/08 01:27 PM John Warner Act
bcastle Offline
100 Club
Joined: Nov 2003
Posts: 181
Springfield, Illinois (Souther...
Does a "vehicle title loan" under this act include a loan with a term of 181 days or less secured with a boat title? Any help would be appreciated. Thanks, Bridget
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bcastle CRCM

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Lending Compliance
#980625 - 06/24/08 01:35 PM Re: John Warner Act bcastle
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
I don't believe a boat (unless it's amphibious) will meet the definition given at 232.3(b)(1)(ii).
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The opinions expressed are mine and they are not to be taken as legal advice.

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#980673 - 06/24/08 01:51 PM Re: John Warner Act Dan Persfull
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
Funny, Dan!
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