Loans from Individuals : LUSENET : Fair Lending : One Thread

I accepted the offer of a loan from an individual/a friend several years ago making her a Lien Holder on my automobile as colleteral. Now I have paid off the Lien and the DMV here in NC will not release the Lien Holder because the Lien Holder is disputing the amount saying that I, now, owe her interest on the money that she loaned me. There is no written agreement that we agreed that I pay her interest. In fact she offered me the loan "interest free" because we were friend. Is there any organization or regulations authority that I can get in touch with regarding loans to friends and interst collected? Thank you, AJ Allen

-- Alva-Jo Allen (, January 13, 2003

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