[jess-zhang]

we handle anything from $0 to $50k+. our API bakes in all the nitty gritty of diff APRs, amounts, fees, interest calc methods based on state & fed regulations. For example, KS has cumulative APR calc method with 36% for <=$860, 21% for >$860, while TX is 30% for <$500, 25% for $500-1000, 18% for over $1k.

[jacobr1]

How does that work from an API perspective? Do I just "try" to create a loan and if not compliant with the location it returns back some kind of error. Or do I request some kind of margin value and you calculate how to get that in a given jurisdiction. Or some other flow?

[ahegevall]

Thanks for the great questions!

Our credit application API will return an error if you try to approve a set of offer terms for a user that violates their state's limits.

We also have a couple utility endpoints that help with coverage and compliance checks: 1) a coverage endpoint that returns the basic limits for each state and 2) an endpoint that allows you to verify if a set of offer terms are compliant for a given state.