StaceyWilkinson
New Member
I work for a mobile home broker, master dealer, in Arizona. Our company sells used mobile homes to clients and they are financed through private lenders. The private lenders have asked us to collect payments for them, and distribute them accordingly, are we required to have a license of some kind for this. We also provide statements with their payments showing how much received on principal and interest. All the lender servicing we do is done only with mobile homes sold through our company. Do we need some kind of banking license or are we okay with taking payments for lenders?