Ethics Advisory Committee

/Ethics Advisory Committee
Ethics Advisory Committee2020-02-06T18:46:56+00:00

Meet the Ethics Advisory Committee

A fundamental principle that guides the Ethics Advisory Committee (EAC) in the discharge of its responsibility is that an effective Code of Ethics requires an orderly and fair administration and enforcement of its terms and requires full compliance by all members of the Association and all holders of Certificates. The EAC recognizes that each case must be judged on an individual basis and that no two cases are likely to be identical. Therefore, the EAC has the responsibility to exercise its judgment based on the merits of each case and on its interpretation of the Code. To learn more about the practices and procedures of the Committee, please read the Practices and Procedures of the Ethics Committee.

Advisory Committee

The EAC consists of five current members of AAPL and on ex-officio position. These volunteers are appointed to two-year terms.  

Kellen Jones
Kellen JonesProspera
Mike Hanna
Mike HannaInvestmark Mortgage
Bobby Montagne
Bobby MontagneWalnut Street Finance
Susan Naftulin
Susan NaftulinRehab Financial Group
Jeffrey Tesch
Jeffrey TeschRCN Capital
Kevin Kim, ESQ.
Kevin Kim, ESQ.(Ex-officio) Geraci LLP, AAPL's general counsel

Interested in serving on the Ethics Advisory Committee in the future? Complete this application and send it to:

Conflict of Interest Statement

All Committee members who provide services on behalf of the American Association of Private Lenders (AAPL) and in the investment of AAPL shall perform their duties impartially and in compliance with the ethical standards applicable to the investment of other AAPL members, including the Code of Ethics for AAPL, so as to assure fair, competitive access to and participation in the AAPLs investment process by all responsible financial institutions, suppliers, contractors, and providers of services. All members shall conduct themselves in such a manner as to foster consumer confidence in the integrity of the AAPL. Those who makes or influences any decision for the AAPL, shall refrain from any personal or financial business activity which would create an actual or apparent conflict of interest related to the proper performance and execution of the AAPL. Committee members of the AAPL who are involved in the investment of funds or services shall not, at any time, receive, accept, take, seek, or solicit, directly or indirectly, anything of economic value as a gift, gratuity, award, reward, favor or other compensation of any type from any person or financial institution with whom the AAPL must investigate. Whenever a member has a financial or personal interest in any matter coming before the Committee, the affected person shall a) fully disclose the nature of the interest and b) withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only by AAPL management and disclosed in the sanctions.

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