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Is Lending Club Available in My State?
Posted By Lending Club On June 10, 2011 @ 7:31 am In Lending Club | Comments Disabled
This is one of the most frequently asked questions from those thinking of borrowing or investing via Lending Club.
Yes, it can be confusing. Every state has its own laws about investments and securities as well as lending rules and regulations. Here is an up-to-date view of states in which residents can obtain personal loans, invest or trade, via Lending Club as of today:
To invest in Lending Club Prime Consumer Notes , you must reside in one of the following 28 states and meet that state’s financial suitability conditions : California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, Montana, New Hampshire, Nevada, New York, Rhode Island, South Carolina, South Dakota, Utah, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.
If your state is not listed above, you may be able to trade notes  via FOLIOfn's Note trading platform. At this moment, applicants from District of Columbia, Kansas, Maryland, Ohio, Oregon, and Vermont are not eligible to become trading members with FOLIOfn.
Notes offered by prospectus  filed with the SEC.
To borrow through Lending Club  you must be a US citizen or permanent resident, or be in the United States on valid long term visa; and be at least 18 years old with a verifiable bank account. At this time, we are unable to accept loan applications from residents of six states: Iowa, Idaho, Maine, Mississippi, North Dakota, and Nebraska.
For more details on borrower requirements, visit our help section on borrowing . All personal loans made through Lending Club are issued by WebBank, a Utah-chartered Industrial Bank.
Article printed from Lending Club Blog: http://blog.lendingclub.com
URL to article: http://blog.lendingclub.com/2011/06/10/is-lending-club-available-in-my-state/
URLs in this post:
 Image: http://blog.lendingclub.com/wp-content/uploads/2011/06/investors-map-11192012.png
 Prime Consumer Notes: http://www.lendingclub.com/public/steady-returns.action
 financial suitability conditions: http://kb.lendingclub.com/investor/articles/Investor/What-are-the-current-State-and-Financial-Suitability-conditions
 may be able to trade notes: https://www.lendingclub.com/foliofn/faq.action
 prospectus: http://www.lendingclub.com/info/prospectus.action
 Image: http://blog.lendingclub.com/wp-content/uploads/2011/06/borrowers-map-11202012.png
 borrow through Lending Club: https://www.lendingclub.com/public/personal-loans.action
 help section on borrowing: http://kb.lendingclub.com/borrower/articles/Borrower/What-are-the-basic-requirements-for-borrowers
 Image: https://mail.google.com/mail/?view=cm&fs=1&to&su=Is%20Lending%20Club%20Available%20in%20My%20State%3F&body=http%3A%2F%2Fblog.lendingclub.com%2F2011%2F06%2F10%2Fis-lending-club-available-in-my-state%2F&ui=2&tf=1&shva=1
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