Legislation

/Tag: Legislation

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

By |2019-08-02T18:52:32+00:00August 2nd, 2019|Legislation|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. The bill’s stated purpose is to deter property speculation and flipping in vulnerable neighborhoods. We believe this bill will: [...]

By |2019-08-02T18:52:32+00:00August 2nd, 2019|Legislation|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

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

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

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

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

American Association of Private Lenders Unveils Government Relations Committee

By |2019-03-06T16:20:35+00:00March 4th, 2019|Loan Servicing, News Story|0 Comments

American Association of Private Lenders announced the members of its inaugural Government Relations Committee (GRC.) The committee serves as the association’s implementation arm for its advocacy goals. “Now is the time to enter the legislative advocacy arena,” said Linda Hyde, AAPL managing director. “Our industry has grown to a point that we can no longer [...]

By |2019-03-06T16:20:35+00:00March 4th, 2019|Loan Servicing, News Story|0 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

SEC Proposes Dodd-Frank Rule on Employee, Director Hedging

By |2018-08-07T02:39:28+00:00February 11th, 2015|News Story|0 Comments

The SEC proposed a rule under Section 955 of the Dodd-Frank Act requiring companies to disclose whether employees and board members are permitted to hedge against declines in company's stock - including stock granted as part of compensation. Under the proposal, publicly held companies would be required to make the disclosures on their proxy statements [...]

By |2018-08-07T02:39:28+00:00February 11th, 2015|News Story|0 Comments

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