Legislation

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American Association of Private Lenders Announces 2nd Annual Day on the Hill

By |2020-03-03T20:32:47+00:00March 3rd, 2020|Event News, Legislation, News Story|0 Comments

Kansas City, Missouri - March 2, 2020 – The American Association of Private Lenders (AAPL) and Think Realty announced their second annual Day on the Hill, during which they will meet with the offices of senators and house representatives on the United States Senate Committee on Banking, Housing, and Urban Affairs; the United States [...]

By |2020-03-03T20:32:47+00:00March 3rd, 2020|Event News, Legislation, News Story|0 Comments

NYC Home Flipping Analysis

By |2020-03-03T20:50:00+00:00March 3rd, 2020|Legislation, Legislation, Market Trends, Market Trends, Private Lender|0 Comments

Legislation aimed at deterring “property speculation and flipping in vulnerable neighborhoods” in New York City begs the question: Just how prevalent and harmful is home flipping in the five boroughs that would be impacted by the policy change? An Auction.com analysis of public record data from ATTOM Data Solutions shows home flipping in the five [...]

Private Lending Enemy No. 1: Anonymity

By |2020-02-11T17:27:57+00:00August 28th, 2019|Legislation, Legislation, Private Lender|0 Comments

You have a voice, but are you using it? Private lenders are in a tough spot after years of intentionally flying under legislators’ radars. Many private lenders have said they feel their business exists due to regulatory loopholes that could at any moment be found and closed. There is underlying concern that your anonymity allows [...]

By |2020-02-11T17:27:57+00:00August 28th, 2019|Legislation, Legislation, Private Lender|0 Comments

AAPL Opposes NY Senate Bill’s 20% Tax on Certain Real Property Transfers

By |2020-02-11T17:27:56+00:00August 2nd, 2019|Legislation, Legislation, Private Lender|0 Comments

If passed, New York State SB S3060E will impose a 15-20% conveyance tax on 1-5 separate residential property units located in certain areas of New York City, if transferred within two years of the prior transfer of such property. Sign our opposition petition The bill’s stated purpose is to deter property speculation and flipping in [...]

By |2020-02-11T17:27:56+00:00August 2nd, 2019|Legislation, Legislation, Private Lender|0 Comments

Florida Mortgage Licensing Language Defeated

By |2019-05-03T17:17:09+00:00May 3rd, 2019|Legislation|0 Comments

The Florida Senate on Thursday substituted and passed companion House Bill 7103 in place of Senate Bill 1730 and adjusted to match the Senate bill’s language – with one large exception. Legislators chose to leave out the Senate bill’s modifications to the definition of a mortgage loan which would have required a license for business [...]

By |2019-05-03T17:17:09+00:00May 3rd, 2019|Legislation|0 Comments

Support an Amendment to FL SB 1730

By |2019-04-24T12:29:59+00:00April 22nd, 2019|Legislation|0 Comments

UPDATE 4/24: Senator Stargel withdrew amendment 356486 during Tuesday's Committee on Rules meeting. Act to oppose Section 7 of SB 1730 Now Currently, Florida Senate Bill 1730 contains language that would require a mortgage lender license to transact any loan secured by a dwelling. This language would sunset a long-standing exemption that allows private lenders [...]

By |2019-04-24T12:29:59+00:00April 22nd, 2019|Legislation|0 Comments

Florida Senate Bill 1730 now with Senate

By |2019-05-01T12:48:33+00:00April 12th, 2019|Legislation|0 Comments

UPDATE 4/30: SB 1730 is scheduled for review before the Florida Senate. Help us oppose SB 1730 Section 9 by contacting legislators. The mortgage lender licensing language is now in Section 9 of SB 1730. It was previously in Section 7. We have updated the information below to reflect this change. Find out what you [...]

By |2019-05-01T12:48:33+00:00April 12th, 2019|Legislation|0 Comments

AAPL Opposes Florida Senate Bill 1730

By |2019-04-03T18:30:18+00:00April 3rd, 2019|Legislation, News Story|0 Comments

Florida legislators have introduced the same mortgage licensing language from Senate Bill 1632 into an affordable housing bill, SB 1730. Senator Taddeo, SB 1632’s bill sponsor, requested a temporary postponement of SB 1632 due the presence of the same language in SB 1730. Senator Taddeo made the postponement request during the Senate Committee on Banking [...]

By |2019-04-03T18:30:18+00:00April 3rd, 2019|Legislation, News Story|0 Comments

Legislative Alert: Florida Senate Bill 1632 Scheduled for Review

By |2019-03-29T15:08:59+00:00March 29th, 2019|Legislation, News Story|0 Comments

The Florida Senate Banking and Insurance Committee is now scheduled to review SB 1632. You can attend the 4 p.m. EST Committee Meeting on 4/1/2019 to show your opposition in person. More details on how to do this below. Review Date: Monday, April 1 Time: 4-6 p.m. Location: Pat Thomas Committee Room, 412 Knott Building [...]

By |2019-03-29T15:08:59+00:00March 29th, 2019|Legislation, News Story|0 Comments

AAPL Opposes Florida’s Re-Attempt to Regulate Private Lending

By |2019-03-29T13:35:55+00:00March 18th, 2019|Legislation, News Story|0 Comments

Current bill aims to remove the long-standing business purpose exception from mortgage lender licensing In 2008, the United States Congress passed the Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which required all state regulators to regulate mortgage loan originators who originated consumer loans secured by 1-4-unit residential properties (“Dwellings”). The states were [...]

By |2019-03-29T13:35:55+00:00March 18th, 2019|Legislation, News Story|0 Comments

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