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An Anonymous Coward writes:

Investors who are residents of states other than California must have:

(a) an annual gross income of at least $70,000 and a net worth (exclusive of home, home furnishings, and automobile) of at least $70,000 or

(b) have a net worth of at least $250,000 (determined with the same exclusions).

Investors who are residents of California must have:

(a) an annual gross income of at least $85,000 and a net worth of at least $85,000 (exclusive of home, home furnishings, and automobile) or

(b) have a net worth of at least $200,000 (determined with the same exclusions) or

(c) invest no more than $2,500 in Notes if the investor does not meet either of the tests set forth in (a) or (b).

Note that some of these conditions do not apply to the Note Trading Platform.

https://help.lendingclub.com/hc/en-us/articles/216092957 [lendingclub.com]

Original Submission