Legislation

//Legislation

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

John Warren, founder of Lima One Capital, announced he is running for SC governor

By |2018-08-07T02:38:11+00:00February 12th, 2018|Legislation, News Story|0 Comments

Describing himself as the best-qualified candidate to solve the state's problems, Greenville businessman John Warren announced February 12, 2018, that he is jumping into the Republican race for governor. Warren, a 38-year-old Marine veteran, is seeking elected office for the first time. “I am businessman, a conservative and a Marine," Warren said during an interview at [...]

By |2018-08-07T02:38:11+00:00February 12th, 2018|Legislation, News Story|0 Comments

Florida Attempting to Regulate Private Lending

By |2019-03-18T16:38:08+00:00February 2nd, 2018|Legislation, News Story, Uncategorized|3 Comments

What You Need to Know and What you can do 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 (“Dwelling”). The states were empowered to legislate [...]

By |2019-03-18T16:38:08+00:00February 2nd, 2018|Legislation, News Story, Uncategorized|3 Comments

Understanding the New Tax Laws

By |2018-08-07T02:38:14+00:00January 31st, 2018|Legislation, Private Lender|0 Comments

How the Tax Cuts and Jobs Act impact private lending and construction. President Trump signed the Tax Cuts and Jobs Act of 2017 (TCJA) on Dec. 22, 2017, ushering in major changes to the Internal Revenue Code of 1986, effective Jan. 1, 2018.These changes should have a significant positive impact on the private lending and [...]

By |2018-08-07T02:38:14+00:00January 31st, 2018|Legislation, Private Lender|0 Comments

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