Disclosures
State Disclosures for Westlake Direct
California
Loans are made or arranged pursuant to California Finance Lenders Law License.
Delaware
2203 Licensed Lenders Regulations Itemized Schedule of Charges required to be provided per Delaware Commissioner 5 Del.C. §2218(5) and §2231(3).
Maine
The creditor or lender at the time of application for the loan or at the outset of negotiations regarding the loan or sale shall inform the purchaser or borrower of that person’s right of free choice in the selection of the agent and insurer through or by which the insurance in connection with the loan is to be placed, including the right to choose an agent or broker whether or not that agent or broker is affiliated with a creditor or lender.
Michigan
Michigan Regulatory Loan License RL 0022882, effective August 5, 2020. The Michigan Department of Insurance and Financial Services is the licensee’s regulator and can be contacted at address 530 W. Allegan Street, 7th Floor, Lansing, MI 48933 or at 877-999-6442.
Missouri Disclosures and Fee Schedule
We are registered with the Missouri Division of Finance as Wilshire Commercial Capital, LLC d/b/a Wilshire Consumer Credit.
Missouri Fee Schedule
The APR for our unsecured installment loans in Missouri ranges from 35.99% to 199.99% depending on your creditworthiness. Loan amounts range from $1,500 to $3,500 with a term of 24 to 48 months. The APR for our secured installment loans in Missouri ranges from 35.99% to 149.99% depending on your creditworthiness. Loan amounts range from $2,000 to $25,000 with a term of 24 to 48 months. Most loans will be charged an origination fee of $75.
There is no prepayment penalty. This means that you can pay off your loan at any time without penalty, and you will only be charged interest during the time that you have an outstanding balance. However, the origination fee is not refundable. If any payment is 15 days late, we charge a late fee of 5% of the delinquent unpaid amount of the installment, up to no more than $50.00.
New Mexico License and Disclosures
New York
A consumer report may be requested in connection with your application. Upon your request, we will tell you whether or not the consumer report was requested and give you the name and address of the consumer-reporting agency that furnished the report.
North Dakota
North Dakota Money Broker License No. MB 102918
Ohio
The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
South Carolina
Post copy of WD Licenses, Notice of Credit Grantor Notification, Maximum Rate Schedule and Consumer Rights Pamphlet