Is lending money subject to the gift tax?
Instead of going through a bank, my parents are thinking about lending me the money to purchase a k house. We are doing this because the house needs work and the banks do not want to loan to me. I will pay them back 0 per month for 60 months, or until the money is completely paid back.
Is this subject to the gift tax (because it exceeds the Gift Tax Annual Exclusion)? Are there any other tax issues that my parents or I should consider?
Would the CRA restrict lending or increase it?
Generally, anytime the government restricts business from doing what it wants to, there is a reduction in supply. This is in fact why conservatives are generally against government regulation.
Yet proponents of the CRA-caused the financial panic say that government regulations, by forcing the banks to lend in areas where they would not normally like to, increased the amount of loans. But any rational bank would simply take the profit from the good loans and apply it to the bad loans, as they normally do to adjust risk. The result would be a net reduction in lending, just as economic theory predicts.
Are banks limited to lending only a certain percentage of their deposits or can they borrow more from the Fed?
I understand that banks lend out their deposits as loans but are they limited to only a percentage of their deposits or can they borrow more money from the Fed if they have a large loan request that exceeds their demand deposits? If so why do banks need demand deposits anyway since they can borrow the money from the fed anytime they want?
How to get commercial loans in 3 minutes
Boosting lending
Is it the banks thought for lending too much too easy or people for getting into debt?
What is your policy on lending money to family or friends? I'm talking in the amount of $100 or up.?
My policy is neither a borrower or lender be. Banks exist for a reason. What say you?
I'm just curious,when will the banks start lending again?
instead off just hoarding all of what’s left of the TARP money & rewarding themselves with undeserved bonuses for doing nothing lost year.
Is it legal to do private lending, and even charge interest?
This seems full of risks, and toe-stepping on banks and other financial institutions.
If so, do you even have a court case if someone doesn’t pay you back or pay the interest?
Yeah I really wouldn’t want to do this, but I am curious. Like if I was a business and had some extra money, maybe I could loan it out within legal limits.
lcr: I see. If I were to be brave enough to do this in the future it would at that time seem a good idea to talk to a lawyer for state-specifics and to draft a contract.
Can a bank, lending institution or financial representative run your credit multiple times with out concent?
I submitted for a business loan through a leasing company for some carpet cleaning equipment.
I was not approaved by the first lender my information was submitted to. The leasing comapny has
told me they were going to try a few other banks. They would not disclose how many other banks would be checking my credit. I did not sign any thing allowing them to run my credit. I did sign a proposal agreement laying out the terms of the lease if the loan was approaved by the lender. I’m Not sure what to do.
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