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06-17-2020, 01:43 AM #15
- Join Date
- Feb 2017
- Posts
- 3,429
How could they make them illegal? They'll find a way. You can outlaw selling drugs, maybe you can outlaw selling future receivables (pre-work, to leave out factors from the mix) for more than the legal usury limits? You can force brokers to get licensed like in CA.
And IRS, direct "LENDER" (yeah, you should be careful there), there is such a thing as over-pricing a bike. They can make a law that it can't be charged more than "20% the average market range," or they could categorize selling of "future receivables" as a loan.....
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