Legislation

//Legislation

GRC Update: New Jersey Passes Licensing Law for Nonbank Servicers

By |2019-09-30T20:03:03+00:00September 30th, 2019|Legislation, Private Lender|0 Comments

New Jersey is but one state where challenges  to private lending are occurring. AAPL’s Government Relations Committee (GRC) is constantly scanning nationwide legislation to review for current changes to the law that could affect private lenders. Once the GRC is aware of a potential issue facing our community, we serve as a  voice to make [...]

By |2019-09-30T20:03:03+00:00September 30th, 2019|Legislation, Private Lender|0 Comments

Cost-Benefit Analysis of HMDA

By |2019-08-28T16:39:14+00:00August 28th, 2019|Legislation, Private Lender|0 Comments

A practical look at new HMDA reporting requirements and what they mean for private lenders If you are a lender engaged in consumer mortgages, then you are certainly familiar with the Home Mortgage Disclosure Act, or HMDA. On the other hand, if you are a private lender engaged in business-purpose loans, then hopefully you have [...]

By |2019-08-28T16:39:14+00:00August 28th, 2019|Legislation, Private Lender|0 Comments

Private Lending Enemy No. 1: Anonymity

By |2019-08-28T16:39:30+00:00August 28th, 2019|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 |2019-08-28T16:39:30+00:00August 28th, 2019|Legislation, Private Lender|0 Comments

Special Feature: Forecasting the Future of Private Lending

By |2019-05-14T14:57:47+00:00May 14th, 2019|Legislation, Private Lender|0 Comments

AAPL’s Government Relations Committee makes some long-term projections. AAPL announced its inaugural Government Relations Committee (GRC) earlier this year to serve as the implementation arm for the association’s advocacy goals. The GRC monitors state and federal legislative activity for potential impacts to private lenders, creates and implements advocacy objectives and provides expert testimony to legislatures. [...]

By |2019-05-14T14:57:47+00:00May 14th, 2019|Legislation, Private Lender|0 Comments

Florida Business-Purpose Checklist

By |2019-05-10T15:40:36+00:00May 10th, 2019|Legislation, Private Lender|0 Comments

How to determine what qualifies as a business purpose mortgage loan Florida House Bill 935 goes into effect July 1, 2019. It adds stiff penalties for misrepresenting a consumer mortgage loan as a business purpose mortgage loan. The former requires a mortgage lender license to transact. Violations are punishable at minimum as third-degree felonies. We’ve [...]

By |2019-05-10T15:40:36+00:00May 10th, 2019|Legislation, Private Lender|0 Comments

Meet Your Government Relations Committee

By |2019-04-26T17:19:57+00:00April 26th, 2019|Legislation|0 Comments

The Path Forward The members of American Association of Private Lenders’ Government Relations Committee are your first responders when it comes to tracking legislation and prioritizing, strategizing and executing advocacy efforts. Meet the committee that will help serve as a unified voice for the private lending profession by making an impact on state and federal [...]

By |2019-04-26T17:19:57+00:00April 26th, 2019|Legislation|0 Comments

Enhanced Private Lending Legislation Looming

By |2019-03-18T20:46:41+00:00March 18th, 2019|Legislation, Private Lender|0 Comments

The industry must take a leadership role in shaping legislation. Private non-consumer lending has been largely ungoverned—anyone wanting to lend a friend enough money to flip a house should be able to, right? The Game Has Changed It’s no longer just a few local private money lenders making small loans on single-family homes. Big money [...]

By |2019-03-18T20:46:41+00:00March 18th, 2019|Legislation, Private Lender|0 Comments

The 2018 Omnibus Bill

By |2018-08-07T02:37:39+00:00May 29th, 2018|Legislation, Private Lender|0 Comments

What $1.3 trillion of federal spending can mean for you While the president's budget blueprint from last year proposed dramatic cuts in discretionary spending, the March 2018 omnibus budget signed into law was remarkable both for its high price tag and for continuing many status quo priorities set by the Obama administration. The massive $1.3 [...]

By |2018-08-07T02:37:39+00:00May 29th, 2018|Legislation, Private Lender|0 Comments

Fair Housing and Fair Lending Protections in 2018

By |2018-08-07T02:37:51+00:00April 11th, 2018|Fair Housing/Lending, Legislation, Private Lender|0 Comments

The Quiet Battle over Obama-Era Regulations If you think you missed some knock down, drag out battle over the nation’s Fair Housing and Fair Lending protections over the last year, you would be wrong. There certainly has been some knocking down of regulations since last summer, but, in contrast to the splashy headlines around the [...]

By |2018-08-07T02:37:51+00:00April 11th, 2018|Fair Housing/Lending, Legislation, Private Lender|0 Comments

The New HMDA Changes Apply to Business Purpose Loans

By |2018-08-07T02:37:58+00:00March 21st, 2018|Legislation, Private Lender|0 Comments

Congress enacted the Home Mortgage Disclosure Act (“HMDA”) in 1975 to ensure fair lending practices are followed by banks and lending institutions. HMDA requires certain lenders to collect, record, report, and disclose information about their mortgage lending activities. Why does it matter this year? It now applies to business purpose loans. Under the new HMDA [...]

By |2018-08-07T02:37:58+00:00March 21st, 2018|Legislation, Private Lender|0 Comments

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