State Licenses & Disclosures • Possible Finance
State Licenses & Disclosures
Last Updated: March 27, 2025
Possible Loan
Direct Lending
Alaska
Deferred Deposit Advance License (Company) →
Deferred Deposit Advance - Mobile App #1 License →
Deferred Deposit Advance - Website #1 License →
California
Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848. Maximum loan amount in California is $750.
Deferred Deposit Transaction Law License →
Example Fee Schedule
*The loan will initially be issued as a 14 day loan that is due in a lump sum on the 14th day. But don’t worry! We will offer you an extended repayment plan with four equal installments over eight weeks at no additional cost as soon as your loan is originated.
Possible Financial Inc. cannot use the criminal process against a consumer to collect any deferred deposit transaction.
This schedule is posted for licensing compliance and does not reflect the loan terms currently offered to California consumers. Current terms are available at possiblefinance.com/states/california.
Pilot Program for Increased Access to Small Dollar Loans
Consumer Financing Law License →
Hawaii
Small Dollar Installment Loan License →
Idaho
Louisiana
Licensed Lender Main Office (In-State & Out-of- ... →
IF YOU CANNOT MAKE PAYMENT WHEN DUE, YOU CAN ASK TO ENTER INTO AN EXTENDED PAYMENT PLAN ONCE IN A TWELVE-MONTH PERIOD, BUT THE REQUEST MUST BE MADE BEFORE PAYMENT IS DUE. SHOULD YOUR LENDER (LICENSEE) REFUSE TO ENTER INTO AN EXTENDED PAYMENT PLAN UPON YOUR REQUEST BEFORE THE DUE DATE, CONTACT THE OFFICE OF FINANCIAL INSTITUTIONS AT 1-888-525-9414.
Interest: $16.75 for every $100 borrowed
Documentation Fee: $10 for every loan
For Loans, Possible Finance has a direct lending license in LA (for loans generated prior to 10/2/25).
Ohio
Possible Finance has a direct lending license in OH for loans generated prior to 12/2.
Oregon
Possible Finance has a direct lending license in OR for loans generated prior to 12/2.
Utah
Consumer Credit Notification →
Virginia
Licensed by the Virginia State Corporation Commission
Short Term Lending Borrower Rights and Responsibilities ->
Sample Fee Schedule
Amount Financed
Loan Term
Payment Frequency
Payment Amount
Finance Charge
Total of Payments
Annual Percentage Rate*
Required Examples per 10VAC5-200-60(A)(1)(i)-(iii) — Monthly Payments
$300
3 Months
Monthly
$130.06
$90.18
$390.18
172.64%
$500
5 Months
Monthly
$134.18
$170.9
$670.90
128.09%
$1,000
10 Months
Monthly
$142.23
$422.30
$1422.30
83.73%
*Annual Percentage Rate is calculated in accordance with Regulation Z (12 CFR Part 1026). Monthly payment examples assume substantially equal monthly installments of principal, interest, and fees combined.
This schedule is posted for licensing compliance and does not reflect the loan terms currently offered to California consumers. Current terms are available at possiblefinance.com/states/virginia.
Washington
Small Loan Endorsement License →
If you have questions about your rights and responsibilities when taking out a payday loan, contact the Department of Financial Institutions at 1-800-RINGDFI (1-877-746-4334), or 360-902-8700, or 150 Israel Road S.W., Tumwater, Washington, 98501.
Your right to rescind (cancel) this loan.
You have the right to rescind this loan by returning the amount of the loan in cash or returning the check given to you by us to our office by the close of business on our next business day following the date of this loan. We may not charge you for canceling the loan and we will return to you, or at your request destroy any postdated check or electronic equivalent authorization you have given to us. If the ACH authorization cannot be destroyed it becomes void if you cancel the loan.
Your right to an installment plan when you are unable to pay your small loan when it is due.
If you will be or are unable to pay your loan when it is due, you may convert your loan to an installment plan with us by notifying us on or before the loan’s due date. If your loan amount is four hundred dollars or less, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over ninety days. If your loan amount is more than four hundred dollars, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over one hundred eighty days.
An installment plan will allow you to pay all that you owe without having to pay any additional fees, interest charges, or other charges for converting your small loan into an installment plan.
Example Fee Schedule
Wisconsin
Loan Servicing
Arkansas
Arkansas Collection Agency License ->
Iowa
Nonresident Regulated Loan Company Branch ... →
Kansas
Maine
Nebraska
Installment Loan Company License →
Nevada
Nevada Installment Loan License ->
New Hampshire
Texas
Credit Services Organization Registration →
Credit Access Business License →
Consumer Lending Disclosure $150 →
Consumer Lending Disclosure $300 →
Consumer Lending Disclosure $500 →
This business is licensed and examined under Texas law by the Office of Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the business, consumers can contact the OCCC to file a complaint or ask a general credit-related question.
OCCC address: 2601 N. Lamar Blvd., Austin, Texas 78705
Phone : (800) 538-1579
Fax : (512) 936-7610
Website : occc.texas.gov
Email : consumer.complaints@occc.texas.gov
An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.
Example Fee Schedule
*Fourth payment amount may vary slightly based on timing of repayment. See example for $200.
Vermont
Loan Solicitation License - Other Trade Name #1 →
Loan Solicitation License - Other Trade Name #2 →
THIS IS A LOAN SOLICITATION ONLY. POSSIBLE FINANCE IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH COASTAL COMMUNITY BANK IN CONNECTION WITH YOUR LOAN INQUIRY. COASTAL COMMUNITY BANK MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. COASTAL COMMUNITY BANK MAY BE SUBJECT TO FEDERAL LENDING LAWS.