Legislation

//Legislation

AAPL Opposes Anti-Flipping Taxes/Special Conveyance Flip Taxes

By |2020-03-16T19:34:25+00:00March 16th, 2020|Legislation, Private Lender|0 Comments

Instead, promote incentives to increase economic activity and to create the change we all want to see. Most states or other governmental subdivisions that we are aware of impose what is known as a conveyance tax, transfer tax, sales tax or fee on the sale of real property. These taxes are generally very low in [...]

By |2020-03-16T19:34:25+00:00March 16th, 2020|Legislation, Private Lender|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 [...]

New York Wants to Kill Your Deal

By |2019-12-18T19:12:56+00:00December 18th, 2019|Legislation, Private Lender|0 Comments

Senate Bill S3060E introduced in the New York state legislature would dramatically increase the transfer tax on fix-and-flip residential property. The New York state legislature is trying to pass a law to dramatically increase the transfer tax on certain family properties sold within two years of original acquisition in New York City. (Note: For certain [...]

By |2019-12-18T19:12:56+00:00December 18th, 2019|Legislation, Private Lender|0 Comments

4 Ways a Green New Deal Could Present Opportunity for Private Lenders

By |2019-10-24T15:28:55+00:00October 24th, 2019|Legislation, Private Lender|0 Comments

The GND can create opportunities for private lenders to make money while playing a role in rebuilding  and renewing the country’s vital infrastructure. Suspend disbelief for a moment and imagine the Green New Deal (GND) somehow has passed into law, despite the fractured government in Washington. What would it mean for private lenders? It all [...]

By |2019-10-24T15:28:55+00:00October 24th, 2019|Legislation, Private Lender|0 Comments

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 |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

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

Membership Questions?
Call 913-888-1250

Sign up for AAPL Membership:

AAPL has memberships specifically tailored for private real estate lenders.
Find one that works for you.

Join Now

Already a member? Sign In.

Forgot Password?

Forgot Password?

Please enter your email. The password reset link will be provided in your email.