See below for some releif from dodd frank for owner finance

[Jay Hinrichs]

This is from the State of Oregon as a proposed new rule.. AS an NMLS licensed mortgage banker I get these tid bits from the state.. this one is of interest and maybe other states will follow suit this will help homeowners with seller financing.. although very limited in scope its a start

The second proposed rule stems from Senate Bill 879 passed during the 2015 session that allows an individual who owns property through a LLC to provide seller-carry financing on a limited number of transactions without obtaining an Oregon mortgage loan originator license. The rule sets forth the process for the exemption to the mortgage banker, broker or loan originator license when the property is held by a LLC. The rule clarifies that the LLC's membership must be limited to family, sets forth the application process for the exemption and notes that the exemption is not applicable to engage in conduct that loan originators are otherwise prohibited from engaging in as outlined in ORS 86A.224 and 86A.236.