State Lending Law Research demo
Ask what a state or federal lending rule requires; get the answer with the passage it comes from. 1:13
What the demo shows
A research solution for compliance teams that answers what each lending rule requires, cited.
One question is answered across all 50 states and DC at once on a map, each state cited to its section; states that changed recently pulse, and the lender's own policy is laid over the answer so each breach shows.
Transcript
- State Lending Law Research answers what each lending rule requires, state by state, for compliance teams.
- Today, one 50-state question takes a day of research or $5,000 from outside counsel.
- Rachel asks for the product team, what is the maximum late fee on a consumer installment loan?
- 51 state readers answer at once, and the map fills every state cited to its section.
- Texas pulses its rule changed last month to 5% or $10, whichever is greater.
- Click any state to read the passage the answer comes from with the change marked.
- Laid over our own fee policy, the $15 minimum breaks the cap in 14 states.
- Counsel reviews the saved answer, and it goes stale on its own when a rule changes.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.