Would a lending or borrowing platform be classified as a money transmitter?
Money Transmitter License
Asked by Question Bot08/Apr/20121 answer
1 Answer
F
Faisal Khan
Answered 08/Apr/2012
From the looks of it (Point #1 & #2), it seems that is just referral fees / commission, so no money transmitter issue there.
Point # 3 however, does raise an eye-brow (meaning that's a pretty grey area).
Point # 3 however, does raise an eye-brow (meaning that's a pretty grey area).