Licenses & disclosures

Money Loan Capital, LLC is a direct online lender of small-dollar personal installment loans. This page provides the state licensing information, regulatory disclosures, and product terms applicable to loans originated by Money Loan Capital, LLC.

Uniform product disclosure

• Loan type: Fixed-rate, fixed-payment personal installment loan. Simple interest, fully amortizing.
• Loan amounts: $250 to $5,000.
• Repayment terms: 61 to 365 days.
• APR range: 5.99% to 35.99% all-inclusive. No loan carries an APR greater than 35.99%.
• No balloon payments. All scheduled payments are equal in amount.
• No prepayment penalty. You may pay any amount in excess of a scheduled payment, or pay off the full balance, at any time with no fee.
• No origination, application, or disbursement fees. You receive the full amount you borrow.
• Late fee: The lesser of $15 or 5% of the scheduled payment, assessed only after a 10-day grace period. Waived or reduced in states where required by law.
• Returned payment fee: $15. Waived in states where prohibited.
• Credit reporting: On-time and delinquent payments are reported to one or more nationwide consumer reporting agencies.

Apple App Store Review Guideline 5.2.5 compliance

Every Money Loan Capital loan product conforms to Apple App Store Review Guideline 5.2.5 ("Personal Loans"): the maximum all-inclusive APR does not exceed 36%, and we do not require any loan to be repaid in full in 60 days or less. The compliance parameters are hard-coded in our origination system and are visible on our Rates & Terms page.

Military Lending Act notice

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Money Loan Capital, LLC does not currently originate loans to covered borrowers under the Military Lending Act.

Equal Credit Opportunity Act notice

The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers Money Loan Capital, LLC's compliance with this law is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.

State availability and licensing

Money Loan Capital, LLC originates loans in the states listed below. We update this list as we receive additional state authorizations. State licensing information is provided where required by state law.

Example state licensing entries

• California: Loans made or arranged pursuant to a California Financing Law license (License No. [CFL-XXXXXXX]).
• New Jersey: Licensed by the New Jersey Department of Banking and Insurance (License No. [LIC-XXXXX]).
• Texas: Licensed by the Texas Office of Consumer Credit Commissioner (License No. [XXXXX-XXX]).
• [Other states]: Add additional licenses as obtained.

States where we do not currently lend

Money Loan Capital is not currently available to residents of the following states: [list placeholder — update before launch]. Residents of these states should not apply; any application received from a resident of a state where we are not licensed will be declined.

Complaints and dispute resolution

If you have a concern about your loan or the conduct of Money Loan Capital, LLC, please first contact us at +1 (973) 555-0199 or support@mlc-advance.com so we can work toward a resolution. You also have the right to file a complaint with:

• Consumer Financial Protection Bureau at consumerfinance.gov/complaint.
• Your state financial regulator (the agency is listed on your loan agreement's state-specific disclosure page).

NMLS

Money Loan Capital, LLC is registered in the Nationwide Multistate Licensing System & Registry under NMLS ID [XXXXXX]. You may verify our registration and state licensing at nmlsconsumeraccess.org.

Contact

Money Loan Capital, LLC
10 Hill St
Newark, NJ 07102
United States
+1 (973) 555-0199 · support@mlc-advance.com