?California Private Money Borrowers ... do you comply with DOC 25102.2 ?

[Account Closed]

The way I read it real estate investors that borrower private money are issuers of notes and deeds of trust (issuers of securities) and as such are required as of Jan 1, 2013 to file this formwith the California Department of Corporations if the lender is not accredited.

Do you comply? Didn't know? Don't care?

Just curious.

As far as I can tell most brokers are starting to only work with accredited trust deed investors to circumvent this requirement.

The code.

One attorney's opinion.

DOC notice.

DOC notice.