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Lenditia

Licensing and disclosures

Lenditia is an educational site, not a lender or broker, and holds no license. The companies that may contact you after a financing request are licensed by the states, and you can check them yourself before you sign.

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Our role

Lenditia publishes information about car loans and passes financing requests that visitors choose to send to auto lenders, car dealers and loan brokers (our partners). We are not a lender, a car dealer, a loan broker or a government agency. We do not take credit applications, make credit decisions, set rates, negotiate terms or arrange loans, and we do not collect any money from borrowers.

Lenditia holds no lending, sales finance, dealer or broker license, and nothing on this site should be read as saying it does. Partners pay us for the requests they receive, as explained on how we make money.

Who must be licensed

The companies that finance cars are licensed or chartered by others, and the rules depend on the kind of company and the state:

  • Banks and credit unions are chartered by a state or by the federal government and supervised by their chartering agency.
  • Finance companies and consumer lenders usually need a license from the financial regulator of each state where they lend.
  • Car dealers need a dealer license from their state, usually through the motor vehicle department or a dealer licensing board. Many states also require a sales finance license for a business that writes or buys retail installment contracts.
  • Loan brokers and arrangers are licensed or registered in some states and not in others.

Some states also have rules for businesses that are paid to refer borrowers to lenders. If a registration ever applies to Lenditia, we will list it on this page with its number and the agency that issued it.

How to check a license

  1. Ask the company for its legal name, its license or NMLS number, and the state that issued the license. A real lender or dealer can tell you.
  2. Search NMLS Consumer Access at nmlsconsumeraccess.org. Many state regulators use the Nationwide Multistate Licensing System for consumer lenders and loan brokers, and the search shows which states have licensed a company and whether any action was taken against it. Some states and some kinds of licenses are not in the system.
  3. Check with your state regulator. Each page in our state laws section names the agency that licenses sales finance companies and consumer lenders in that state. Its website usually has a license search or a phone line.
  4. Check the dealer with your state’s dealer licensing board or motor vehicle department, which can confirm that a dealer is licensed and whether complaints have been filed.

If a company will not give you a license number, asks you for an upfront fee, or pushes you to sign before you can read the contract, slow down and check before you go further.

Where to complain

  • Your state regulator for a lender, finance company or broker it licenses: listed on your state’s page in our state laws section.
  • Your state attorney general’s consumer protection office for unfair or deceptive practices by a dealer or lender.
  • The Consumer Financial Protection Bureau at consumerfinance.gov/complaint, for problems with an auto loan or lease. The CFPB sends your complaint to the company, which is expected to respond.
  • The Federal Trade Commission at reportfraud.ftc.gov, for scams, fake lenders and deceptive dealer practices.

If a complaint concerns how Lenditia handled your request or your information, write to us first through the contact page. Our privacy policy explains how to stop calls and texts from partners.

Our address

Lenditia, 5955 Alpha Rd, Suite 520, Dallas, TX 75240, United States. Email: contact@lenditia.com. See also our terms of use and disclaimer.