Legislation

/Tag: 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

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

By |2019-08-28T16:40:20+00:00August 2nd, 2019|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 |2019-08-28T16:40:20+00:00August 2nd, 2019|Legislation, Private Lender|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

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.