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Louisiana Licensed Lender Disclosure
Island Financial Services, LLC
Louisiana Licensed Lender #931974
Island Financial Services, LLC is a licensed consumer lender regulated by the Louisiana Office of Financial Institutions (OFI). This disclosure is provided in accordance with Louisiana state law and federal lending regulations to inform you of your rights and obligations.
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Loan Terms Disclosure
Before entering into a loan agreement, you will receive a Truth in Lending Disclosure that outlines the following terms:
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Loan Amount: The amount you are borrowing.
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Annual Percentage Rate (APR): The cost of your credit expressed as a yearly rate.
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Finance Charges: The dollar amount the credit will cost you.
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Total of Payments: The total amount you will have paid after you make all scheduled payments.
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Payment Schedule: The number of payments, their amounts, and due dates.
Please review all loan terms carefully before signing.
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Right to Cancel
You have the right to cancel your loan within three (3) business days after signing the loan agreement. To cancel, you must notify Island Financial Services, LLC in writing at the contact address listed below.
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Late Fees & Default
Late or missed payments may result in fees and collection activity. Specific fees include:
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Late Payment Fee: May apply if a scheduled payment is missed.
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Returned Payment Fee: May apply if a payment is returned unpaid.
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Failure to repay your loan may result in additional fees, collections activity, or reporting to credit bureaus
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Privacy Statement
Island Financial Services, LLC values your privacy. We comply with all applicable privacy laws, including the Gramm-Leach-Bliley Act. We do not share your personal information except as permitted by law or required to service your loan.
Regulatory Oversight
This lender is licensed and regulated by the Louisiana Office of Financial Institutions (OFI). For questions or to file a complaint, you may contact the OFI at:
Louisiana Office of Financial Institutions
Phone: (225) 925-4660
Website: https://www.ofi.la.gov