OLA Seal

Responsible Lending Policy

All lenders accessible via this website are by law required to accept all rules and regulations of State and Federal governments. Please carefully read the following information to understand our responsible lending policies.

Disclosure of APR and Fees

The Truth in Lending Act states that all lenders must adhere to its content. Before signing up for a loan, your lender will deliver to you evidence showing the precise details of your loan terms, including interest rates and fees. You should carefully evaluate this information.

Federal and State Regulations

All lenders accessible via this website are by law required to accept all rules and regulations of State and Federal governments. Each state also has their own laws that govern installment loans. Your chosen lender will inform you of the rules and regulations of your state.

Commitment to Fair Debt Collections

You are protected by the Fair Debt Collections Act while you are repaying your loan This is overseen by the Federal Trade Commission. All lenders must follow all of the rules of this act. The act requires that lenders comply with fair debt collection practices, including:

  • Not contacting you by phone outside the hours of 8:00 a.m. through 9:00 p.m.
  • Not harassing you or using abusive language towards you over the telephone.
  • Not using deception to try to collect money from you.
  • Not threatening you with legal action if it is not permitted.

If your lender fails to follow the rules detailed in the Fair Debt Collection Act, please contact us together with lodging a complaint with the Federal Trade Commission.

Frank-Dodd Wall Street Reform Act

This act stipulates that lenders must follow fair lending practices, defined as fair, equitable, and nondiscriminatory access to credit for consumers. If you feel that your lender is not following these rules please contact us and file a complaint with the Federal Trade Commission.