An individual or business that offers secured loans to people, with items of personal property used as collateral. Although they are not considered credit institutions in Germany under Section 2 (1) of the German Banking Act (KWG), they have come under the scrutiny of the authorities in the course of money laundering. Their operation is subject to licensing in Germany. – See collateral value, Faustpfand, Monte, Vorschusskasse, Zahlhaus.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/