Bank/Loaning Company

[TheDiamondTiger]

[Note]: This project is on hold for the fact of the company plugin and in continuing with this project could subject one or more persons to breaking of rules
[Note]: No more applications will be accepted.
The Ocean View Bank is a way for players to keep their money in a place where they will not need to worry about insurance and will get interest on the amount they deposit. Accounts will be handled by our account manager and will be carried out through chest shops. Loans will be available to many players and will be done through a loan officer. We will create a contract so that both parties will keep their side of the agreement and if either party breaks this agreement, they are liable to a law suit for an amount specified in the contract. Loans will be managed by our loan manager and lawsuits will be carried out by the lawyer. Please feel free to apply for loan officer at the link below.
Application (google form): here
[Outdated]Guide (thread): here

[Updated]:Maximum amounts different ranks can loan:
Citizen: 60,000
Executive: 150,000
Rich: 250,000
Elite: 500,000
Millionaire: 700,000
Architect/Police: 700,000

Current Ocean View Bank Staff List:
Sr. Manager: TheDiamondTiger
Jr. Manager/Receptionist: Death_Inferno360
Jr. Manager/Adviser: PurpleTurkey
Lawyer: redstonedesigner
Loan Manager: EnderPort
Account Manager: ChChris1065
Loan Officer(s): RealCreeperGamer, Xx_Die_xX, iiariusii

 

[TheDiamondTiger]

If anything does happen to any money, I will personally cover the expenses (this will be added as a clause in all paperwork so if I don't people can sue me)

 

[Deleted member 832]

If anything does happen to any money, I will personally cover the expenses (this will be added as a clause in all paperwork so if I don't people can sue me)

Maybe contracts and property repossession? Mortgages?

 

[TheDiamondTiger]

Maybe contracts and property repossession? Mortgages?

I originally thought that repossessions would be done instead of lawsuits, but it would be too difficult to repossess an asset than use a lawsuit to get the amount the asset would be worth back.

 

[Deleted member 832]

I originally thought that repossessions would be done instead of lawsuits, but it would be too difficult to repossess an asset than use a lawsuit to get the amount the asset would be worth back.

Still, it's possible

 

[TheDiamondTiger]

Still, it's possible

It may be possible, but what would end up happening is that in the contracts there would be a clause that stated that if payments are halted for for 1 or more payments, the item may be repossessed by the bank, or a lawsuit may occur, which winnings will be equal to *1.5 the asset amount. (1.5 so people actually have a reason to give the asset back). Mortgage would be possible, but I would send a person to inspect the asset and determine it's worth first.

 

[Deleted member 832]

It may be possible, but what would end up happening is that in the contracts there would be a clause that stated that if payments are halted for for 1 or more payments, the item may be repossessed by the bank, or a lawsuit may occur, which winnings will be equal to *1.5 the asset amount. (1.5 so people actually have a reason to give the asset back). Mortgage would be possible, but I would send a person to inspect the asset and determine it's worth first.

Want to work together?

 

[nibble]

You can open whatever business you'd like.

 

[TheDiamondTiger]

You can open whatever business you'd like.

First off, Kiri you are awesome, thank you.

Want to work together?

EnderPort you can be the loan manager, so you would be in charge of loan officers. (Plus you get a big office on the 3rd floor)

 

[rama108]

I am starting a company involving data security and whatnot, and I'd like you to partner up with me. Mail or msg me in game if interested!

 

[TheDiamondTiger]

I am starting a company involving data security and whatnot, and I'd like you to partner up with me. Mail or msg me in game if interested!

Sure, but for it to be any use I'm gonna need an admin to turn on pvp in ai1.

 

[rama108]

Sure, but for it to be any use I'm gonna need an admin to turn on pvp in ai1.

Great, Message me what services you require, and if you need more detail, check out my thread! =)

 

[CreeperGamer]

It may be possible, but what would end up happening is that in the contracts there would be a clause that stated that if payments are halted for for 1 or more payments, the item may be repossessed by the bank, or a lawsuit may occur, which winnings will be equal to *1.5 the asset amount. (1.5 so people actually have a reason to give the asset back). Mortgage would be possible, but I would send a person to inspect the asset and determine it's worth first.

Sounds like an awesome idea for a build!

 

[redstonedesigner]

Sounds like an awesome idea for a build!

TheDiamondTiger has already built a bank building in creative and is in the process of getting the build transferred.

 

[TheDiamondTiger]

The company plugin is disabled at the moment, so the company will have to be put on hold.

 

[CreeperGamer]

The company plugin is disabled at the moment, so the company will have to be put on hold.

Understood

 

[TheDiamondTiger]

Could I be apart of this somehow?

Yes you can apply to be a loan officer (but this project is on hold for now)

 

[CreeperGamer]

Yes you can apply to be a loan officer (but this project is on hold for now)

Do you know when it won't no longer be on hold or not?

 

[TheDiamondTiger]

Do you know when it won't no longer be on hold or not?

I currently working on a way to make this company without breaking the rule "Rule: Transferring money to rank up." When I do figure out a way, I will post on this page and notify all employees.

 

[CreeperGamer]

I currently working on a way to make this company without breaking the rule "Rule: Transferring money to rank up." When I do figure out a way, I will post on this page and notify all employees.

Okay. Sorry!