Advocacy

Update on HDMA Rules

By |2023-01-10T11:31:30-06:00January 11th, 2023|Advocacy|0 Comments

AAPL sends letter to Congress urging definition change that exempts business-purpose loans. Effective Jan. 1, 2018, Congress enacted new Home Mortgage Disclosure Act rules requiring most private lenders to furnish a 110-data-point Loan Activity Report to the Consumer Financial Protection Bureau (CFPB) for each residential mortgage loan application taken, regardless of a loan’s business or [...]

By |2023-01-10T11:31:30-06:00January 11th, 2023|Advocacy|0 Comments

Anti-Money Laundering Laws and the Private Lending Industry

By |2022-08-02T16:19:31-05:00August 3rd, 2022|Advocacy|0 Comments

The AAPL supports efforts to combat money laundering and related crime and encourages private lenders to establish a sensible AML program. To understand how anti-money laundering laws apply to private lenders, it is important to understand exactly what is meant by “money laundering.” Money laundering is the process of making illegally gained proceeds (i.e., “dirty [...]

By |2022-08-02T16:19:31-05:00August 3rd, 2022|Advocacy|0 Comments

Update on State and Local Lending Issues

By |2022-05-10T14:22:12-05:00April 24th, 2022|Advocacy|0 Comments

The devil is in the details, so the GRC relies on AAPL members to alert us to proposed legislation that could impact the industry. The AAPL Government Relations Committee endeavors to monitor legislation that may impact you—both positively and negatively. Much of this legislation is at the federal level,including recent foreclosure restrictions, changes involving the [...]

By |2022-05-10T14:22:12-05:00April 24th, 2022|Advocacy|0 Comments

Active Legislation Alert

By |2022-07-06T09:59:11-05:00April 22nd, 2022|Advocacy|0 Comments

Proposed California and New York bills will significantly impact private lenders. When it rains, it pours. Within 10 days of each other, California and New York proposed legislation impacting our industry. As of the time of publishing, California seeks to add a capital gains tax to nearly all residences sold within seven years of purchase, [...]

By |2022-07-06T09:59:11-05:00April 22nd, 2022|Advocacy|0 Comments

Proposed California bill would tax nearly all residences sold within 7 years of purchase

By |2022-04-26T10:25:26-05:00March 15th, 2022|Advocacy|1 Comment

California AB 1771 will charge an additional 25% capital gains tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of purchase. UPDATE 4/25/22: The bill was heard for the first time by the Assembly Committee on Revenue and Taxation. Their bill analysis reiterated the main points of our official opposition letter: 1) that it [...]

By |2022-04-26T10:25:26-05:00March 15th, 2022|Advocacy|1 Comment

Grassroots Efforts Make Inroads Against Legislation Impacting Private Lending

By |2022-02-04T19:51:01-06:00January 6th, 2022|Advocacy, Featured|0 Comments

Spearheaded by our Government Relations Committee, AAPL wrapped up its third year of legislative activity with some definite wins. As we continue our grassroots mobilization efforts and build strategies for how and when we talk to policymakers, we wanted to provide you—our constituents—with a frank, no-holds-barred and transparent accounting of what’s happening and where we’re [...]

By |2022-02-04T19:51:01-06:00January 6th, 2022|Advocacy, Featured|0 Comments

CFPB Seeking Input on HMDA Rules

By |2022-02-04T20:04:39-06:00December 20th, 2021|Advocacy, Featured|0 Comments

The Consumer Financial Protection Bureau launched an open comment period now through January 21 seeking input to assess the effectiveness of HMDA, focusing on: Institutional coverage and transactional coverage; Data points; Benefits of the new data and disclosure requirements; and Operational and compliance costs. ​This is your chance to help decrease the burden of HMDA [...]

By |2022-02-04T20:04:39-06:00December 20th, 2021|Advocacy, Featured|0 Comments

4 Ways 1031 Exchange Reform Could Negatively Impact Real Estate

By |2021-12-06T20:08:29-06:00December 6th, 2021|Advocacy, Featured|0 Comments

The proposed changes to the 1031 exchange will create significant burdens for small local investors. The 1031 exchange has been around since 1921. It has been a point of contention across political lines for decades, but now it seems President Biden will take a decisive step to change the path of this tax law. The [...]

By |2021-12-06T20:08:29-06:00December 6th, 2021|Advocacy, Featured|0 Comments

AAPL and Think Realty Host a Virtual Day on the Hill

By |2021-10-21T17:55:57-05:00October 21st, 2021|Advocacy|0 Comments

The American Association of Private Lenders and sister company Think Realty meet with legislative staff to voice industry concerns. October 21, 2021 – Members of the American Association of Private Lenders and Think Realty gathered virtually for a day of meetings with staffers in Washington, D.C. to discuss proposed legislation that would impact housing providers [...]

By |2021-10-21T17:55:57-05:00October 21st, 2021|Advocacy|0 Comments

Proposed Federal Tax Bill Will Devastate Private Lenders, Funds

By |2021-11-03T17:26:42-05:00September 29th, 2021|Advocacy|1 Comment

Update 10-28-2021: We have been notified by our contacts on Capitol Hill that sections 138312 and 138314 have been removed from the new draft of the bill. He expressed surprise that they had been removed so quickly as they were viewed as "non-tax-increase payfors" that would help cover the bill's spend. While it is [...]

By |2021-11-03T17:26:42-05:00September 29th, 2021|Advocacy|1 Comment

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