Policy on Responsible Lending

Superior Funding, LLC is dedicated to safeguarding its consumer’s from lenders who engage in illicit and illegal lending practices. We attempt to provide consumers with the knowledge they need in order to make responsible and fully informed decisions on their loan.

Trust and Truth

Superior Funding’s practices and policies conform to the well-established regulations which have been set forth and described in Fair Lending Laws like the Truth in Lending Act. Before a consumer enters into any loan/borrower obligation, the applicant should be presented in writing the exact fees, rates, and any additional charges associated with their loan. Please visit our Rates and FAQ to find out more about any financial obligations you may incur by taking out a loan from us.

Fair Lending

As per the Dodd-Frank Wall Street Reform Act, every lender needs to engage in “fair lending” practices both when extending a loan, as well as during the repayment process. The Consumer Financial Protection Bureau (“CFPB”) has the responsibility to enforce fair lending rules and regulations.

Fair Debt Collection Practices

We follow all the provisions of the stated Fair Debt Collection Practices Act which is enforced currently by the Federal Trade Commission (“FTC”). Some of these actions include:

  • Not calling borrowers on their telephone prior to 8 a.m. or post 9 p.m.
  • Not contacting borrowers via telephone with the malicious intent of harassing, or annoying or even using abusive language
  • Not using misrepresentation and deception for debt collection
  • Not threatening with legal recourse even though no legal action may not be allowed