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updatedAt: 2026-08-04T23:29:17.000Z
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Fetch the complete documentation index at: https://developers.pismo.io/pismo-docs/llms.txt. Use this file to discover all available pages before exploring further.

# Lending participants and responsibilities

Lending involves multiple participants with the following responsibilities.

<Table align={["left","left","left","center","center"]}>
  <thead>
    <tr>
      <th style={{ textAlign: "left" }}>
        Participants
      </th>

      <th style={{ textAlign: "left" }}>
        Responsibilities
      </th>

      <th style={{ textAlign: "left" }}>
        Examples
      </th>

      <th style={{ textAlign: "center" }}>
        Offer loans
      </th>

      <th style={{ textAlign: "center" }}>
        Manage loans
      </th>
    </tr>
  </thead>

  <tbody>
    <tr>
      <td style={{ textAlign: "left" }}>
        Borrower
      </td>

      <td style={{ textAlign: "left" }}>
        Person or organization that accepts funds and repays these funds based on agreed terms
      </td>

      <td style={{ textAlign: "left" }}>
        * Someone taking out a large personal loan to buy a boat
        * Someone taking out a Buy Now, Pay Later loan at checkout to buy a couch
      </td>

      <td style={{ textAlign: "center" }}>
        N
      </td>

      <td style={{ textAlign: "center" }}>
        Y
      </td>
    </tr>

    <tr>
      <td style={{ textAlign: "left" }}>
        Lender
      </td>

      <td style={{ textAlign: "left" }}>
        Institution or entity that defines products, approves loans, disburses funds, and receives repayments
      </td>

      <td style={{ textAlign: "left" }}>
        A licensed lender, such as a bank or retailer
      </td>

      <td style={{ textAlign: "center" }}>
        Y
      </td>

      <td style={{ textAlign: "center" }}>
        Y
      </td>
    </tr>

    <tr>
      <td style={{ textAlign: "left" }}>
        Regulator
      </td>

      <td style={{ textAlign: "left" }}>
        Public or private authority that defines lending, disclosure, and consumer protection requirements
      </td>

      <td style={{ textAlign: "left" }}>
        In the US:

        * Office of the Comptroller of the Currency (OCC)
        * Federal Reserve
        * Federal Deposit Insurance Corporation (FDIC)
      </td>

      <td style={{ textAlign: "center" }}>
        N
      </td>

      <td style={{ textAlign: "center" }}>
        N
      </td>
    </tr>

    <tr>
      <td style={{ textAlign: "left" }}>
        Authorized intermediaries, such as banking correspondents, loan brokers, and originators
      </td>

      <td style={{ textAlign: "left" }}>
        Intermediary that helps originate and distribute loan offers through lender partnerships
      </td>

      <td style={{ textAlign: "left" }}>
        * A commercial bank

        * A mortgage company
      </td>

      <td style={{ textAlign: "center" }}>
        Y
      </td>

      <td style={{ textAlign: "center" }}>
        N
      </td>
    </tr>
  </tbody>
</Table>

In Pismo lending, both lenders and authorized intermediaries can offer loans, while lenders manage loans  and their configurations booking.

<Callout icon="📘" theme="info">
  Pismo does not originate loans. Instead, it connects to regulated lenders and intermediaries—such as banks, fintech lenders, and third‑party originators—that provide the loans. If you need help finding or setting up a partnership with a loan originator, contact your Pismo representative.
</Callout>

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