Some elements of our businesses are subject to state and federal regulation within the United States as well as foreign laws, regulations, and guidelines.
SALT Lending Holdings, Inc., and the loans facilitated through the SALT Platform, must comply with applicable state and federal lending and usury law; such as: the federal Consumer Credit Protection Act, the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Servicemembers Civil Relief Act, the Military Lending Act, the Bank Secrecy Act, the USA Patriot Act, the Electronic Fund Transfer Act, the federal Electronic Signatures in Global and National Commerce Act (ESIGN) and other federal and state laws governing privacy, data security and prohibiting unfair or deceptive business practices.
SALT Lending Holdings, Inc. and its affiliate, SALT Platform, LLC, will develop extensive best practice policies and procedures to ensure legal and regulatory compliance. On the federal level, it is our requirement that all associated third parties or other participants, including, but not limited to, registered investment advisors, banks, and broker-dealers, and/or originators satisfy the aforementioned relevant licensing requirements with respect to the origination of such loans.
SALT Lending Holdings, Inc. and its affiliate, SALT Platform, LLC, may be subject to examination, supervision and other regulatory actions taken by the state agencies responsible for monitoring consumer credit, trade, and commerce; and federal agencies, such as the Consumer Financial Protection Bureau and the Federal Trade Commission, that administer the federal consumer protection, trade, commerce, and other laws and regulations in the United States.