Company Information

Get to know ReliaMax

Founded in 2006, ReliaMax was a financial services company based in Sioux Falls, South Dakota, that specialized in the private student loan industry. The company's primary business was providing insurance to lenders (such as banks and credit unions) to protect them against losses from defaulted student loans. In addition to insurance, ReliaMax also offered a comprehensive suite of services including loan origination technology, loan servicing, and capital markets solutions. The company became insolvent and was placed into receivership by the South Dakota Division of Insurance in June 2018, ultimately leading to its liquidation.

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Financial InsurancePRIMARY
Financial Other Service

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ReliaMax

United States

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.