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Show HN: I quit my job to help communities fund energy efficiency upgrades

sparkfund.co

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Re: Show HN: I quit my job to help communities fund energy efficiency upgrades

#10

What kind of legal arrangements are being used here? Does the person/company who borrows money legally owe this debt to the investors? And which government bodies regulate these transactions?

It's all regulated by the Securities and Exchange Commission. So we're actually selling securities of the debt owed to us by the borrower to the crowd investors.

A lot of the work we've done over the past year is navigating the regulatory labyrinth required to offer securities to 'non-accredited' investors. (i.e. everyone who doesn't have a million bucks in the bank)

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