Loan agents obtain commercially credits at applicants for the credit and receive for it in accordance with condition of the loan switching contract commissions.

The commission can be paid either by Kreditinstitut or the customer.

Legal regulations (Germany)

The activity as loan agents requires the permission by the responsible authority after "§ 34c trade and industrial regulations.

between enterprises and consumers are regulated into "§"§ the 655a to e BGB. Regulated is here among other things:

• the contract requires writing
• the payment is only due after disbursement of the credit (and expiration of the period of revocation)

Articles in category "Loan agent"

We found here 12 articles.

Related Websites

We found here 3 related websites.

• California Real Estate License School
  Loan Agent also referred to as: Loan Officer, Loan Originator or Mortgage Loan Broker A Loan Agent is a person who helps clients locate money to borrow and ...


• California Real Estate License School
  Loan agents facilitate this type of lending by seeking potential clients and ... After a client completes the application, the loan agent begins the process ...


• Loan Agents and the Section 7(a) Program Inspection Report
  While loan agents can provide valuable assistance to small businesses seeking access to capital, some have perpetrated fraudulent schemes that have resulted ...