Policy on Responsible Lending

Compliance with State and Federal Laws

Published: September 26, 2026 | Last updated: September 26, 2026 | Reviewed by: Borrow Your Loan Operations Team

Borrow Your Loan is not a lender and does not make credit decisions. Participating lenders and partners are responsible for complying with applicable federal, state, and local regulations. These rules may cover interest rate caps, loan duration, rollover limitations, frequency of borrowing, and applicable fees.

Before proceeding with any loan, review the lender's final disclosures and make sure you understand the APR, repayment schedule, fees, and your legal obligations.

Transparency Under the Truth in Lending Act (TILA)

Lenders are responsible for providing clear written disclosures outlining APR, fees, and repayment terms before you become obligated on a loan. Borrow Your Loan educational content and calculator examples are not loan offers and do not replace lender disclosures.

Fair Lending and the Dodd-Frank Act

Lenders and partners are expected to follow applicable fair-lending and consumer-protection laws. Borrow Your Loan does not control lender underwriting, pricing, or final approval decisions.

Identity Verification and Federal Requirements

To comply with federal regulations aimed at preventing money laundering and terrorism financing, lenders are legally required to verify your identity when opening an account or applying for a loan. This may include collecting your full name, birth date, residential address, Social Security number, and other identifying information. You may also be asked to present valid government-issued identification to confirm these details.