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It appears that this entity is offering payday personal loan civil court services within the State of California. The California Department of Business Oversight normally licenses and regulates Payday Lenders doing business in California under the California Deferred Deposit Transaction Law (http:test-www. dbo. govLicenseesPayday_LendersDefault. asp).
But due to the fact that Mobiloans claims to be wholly owned by the Tunica-Biloxi Tribe of Louisiana, the entity asserts that it is not subject to regulation by the California Department of Business Oversight and that only the United States Government has jurisdiction over federally recognized Indian Tribes and their business activities.
Tunica-Biloxi Tribe of Louisiana is not licensed to conduct business in the state of California.
Https:www. finweb. comloansavoid-the-dangers-of-car-title-loans. htmlaxzz3zhpCrDsG FAQs Texas Fair Lending Alliance. Accessed February 17, 2016 https:www.
texasfairlending. orgresourcesfaqs Walsh, Ben. Texas Is Throwing People in Jail for Failing to Pay Back Predatory Loans. Huffington Post.
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