Laws regarding private loans.

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11-13-2009, 02:53 PM

ktcrew ktcrew is offline

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Join Date: Nov 2009

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Laws regarding private loans.

Hello. I was wondering if there are any laws/taxes pertaining to private loans between two parties? I've tried searching google, but I just get links to loan sites.
For instance, a family member is going to be loaning me over 10K. Will there be any difficulties when my bank account suddenly has over 10K one day?
Thanks.

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