hard money lending after Jan 1

[David Lunsford]

I am getting conflicting information as to whether hard money lenders have to comply with the same lending guidelines and procedures starting Jan 1, 2014 as those that do owner financing. Hope to get some qualified feedback on this.

[Robert Leonard]

The new Dodd-Frank go into effect on Jan 10, 2014 and the rules apply to financing for owner occupant buyers, not commercial or investor to investor transactions.