Regulation and verification
As the lender of record, you must comply with local laws or partner with a licensed lender. Sivo DeFi verifies borrowers using KYC, KYB, and AML compliance checks.
The Sivo DeFi model ensures that you remain the lender of record until the loan you submit to the protocol is approved and purchased. This requires you to comply with local lending laws and regulatory frameworks or partner with a licensed lender who can act on your behalf. The disbursement model used by Sivo DeFi ensures that you receive funds to cover expenses, including lender of record fees.
It's important to note that the Sivo DeFi network, protocol, or its participants do not act as the lender of record. If you are unsure about your legal obligations as an originator (lender), you should consult a lawyer or legal expert in your country of operation.
Sivo DeFi verifies you and your borrowers using a combination of KYC (Know Your Customer) and KYB (Know Your Business) processes, along with ongoing AML (Anti-Money Laundering) and other compliance checks. These fees are covered by your monthly subscription.
Updated 27 days ago