Legal · Privacy · Consumer Rights
Satoshi Loan and Pawn — Compliance and Legal Framework
We take our legal and ethical obligations seriously. This page explains how we protect you, your data, and your collateral — and what rights you have as our customer.
Last updated: June 1, 2026 · For our regulatory licenses, see Licenses & Compliance
Our Framework
Six Pillars of Compliance
Every loan we originate is governed by these six programs. They exist to protect you, prevent financial crime, and keep us accountable.
Know Your Customer (KYC)
We verify the identity of every borrower before originating a loan.
All applicants must provide a valid government-issued photo ID (driver's license, state ID, or passport) and a Social Security Number or ITIN. Identity documents are verified against authoritative databases. Records are retained for a minimum of five years in accordance with FinCEN CIP requirements.
Anti-Money Laundering (AML)
We maintain a written AML program and monitor all transactions.
Our AML program includes written policies and procedures, a designated compliance officer, ongoing employee training, and independent audits. We file Currency Transaction Reports (CTRs) for cash transactions exceeding $10,000 and Suspicious Activity Reports (SARs) whenever we detect activity consistent with money laundering, structuring, or fraud.
OFAC Sanctions Screening
Every applicant is screened against U.S. Treasury sanctions lists.
Prior to loan origination, all applicants are screened against the OFAC Specially Designated Nationals (SDN) list and other applicable sanctions programs. We do not transact with sanctioned individuals, entities, or jurisdictions. Screening is repeated on an ongoing basis for existing customers.
Data Security
Customer data is encrypted and never sold to third parties.
All personal and financial data is encrypted at rest (AES-256) and in transit (TLS 1.3). Access to customer records is restricted to authorized personnel on a need-to-know basis. We do not sell, rent, or share personal information with third parties for marketing purposes. Data breach notification procedures comply with Michigan and federal law.
Loan Agreement Transparency
All loan terms are disclosed in writing before you sign.
Before any loan is originated, you receive a written loan agreement disclosing the principal amount, interest rate, APR, origination fee, repayment schedule, maturity date, and collateral forfeiture conditions. You have the right to review the agreement before signing. No loan is binding until you provide your electronic signature.
Record Retention
We retain transaction and identity records as required by law.
Customer identification records, loan agreements, transaction records, and SAR/CTR filings are retained for a minimum of five years from the date of the transaction or account closure, whichever is later. Records are stored securely and made available to authorized regulators upon lawful request.
Your Protections
Consumer Rights
Michigan law and federal regulation give you specific rights as a borrower. We are committed to upholding every one of them.
Right to a Written Agreement
You are entitled to a complete written loan agreement before signing. This agreement must include all fees, rates, and terms in plain language.
Right to Redeem Collateral
You may redeem your collateral at any time before the loan matures by repaying the outstanding principal plus accrued interest and fees.
Right to Fair Treatment
We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or any other protected characteristic.
Right to File a Complaint
If you believe your rights have been violated, you may file a complaint with the Michigan Department of Insurance and Financial Services (DIFS) at 1-877-999-6442 or difs.state.mi.us.
Privacy Summary
What we collect, why, and how long we keep it
What we collect
Name, government ID, SSN/ITIN, contact details, financial information, and transaction history.
Why we collect it
To verify your identity (KYC), process your loan, comply with BSA/AML obligations, and communicate with you.
Who we share it with
Regulatory authorities (FinCEN, DIFS) as required by law. We do not sell data to marketers or data brokers.
How long we keep it
Minimum 5 years from loan closure or last transaction, as required by FinCEN record retention rules.
How we protect it
AES-256 encryption at rest, TLS 1.3 in transit, role-based access controls, and annual security audits.
Your rights
Access, correction, and deletion requests (subject to legal retention requirements) via sales@satoshiloanandpawn.com.
Common Questions
Compliance FAQ
Important: Satoshi Loan & Pawn is not a bank or federally insured depository institution. Loans are not FDIC insured. Bitcoin and other digital assets are highly volatile. The value of your collateral may decrease significantly during the loan term. Failure to repay may result in forfeiture of collateral. This page is for informational purposes only and does not constitute legal advice. For questions, contact sales@satoshiloanandpawn.com.
Questions about our policies?
Our compliance team is available 24/7. You can also view our active regulatory licenses or start your loan application.