Replies to post #6592 on FastFunds Financial Corp (fka FFFC)

[boy2699]

Onthebode- that's good information...Thanks for sharing..

[doc4261]

Sounds like they have everything in order, tic toc.

[boy2699]

Question..Has anyone asked net life whether they have funded any loans??? Maybe they would answer that... At least we would know that they are doing some actual business..

[Phobos1]

onthebode, Net Life is a Private Equity Fund.

Thank you for getting a response from Net Life so quickly, how do you do it? Although some of the answers are ambiguous.

The systemic mortgage banking laws of Dodd-Frank must not apply to a Private Equity Fund entity such as Net Life?
Much like a banks charter?

What safeguards are in place for Net Life's clients?

Meaning what government agencies is Net Life licensed by, and registered with?

What Government Agency has oversight to make sure Net Life Financial PE Fund is in compliance with funding and servicing the LCMO, LCDO activities?

For example:
Is it the Federal Reserve?
Is it the Security and Exchange Commission?

By showing that Net Life Financial is licensed by some government agency, actually displaying it on your web-page helps ensure that Net Life Financial is a stable, legitimate Non-Banking financial organization.