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HomeForumsPrivate Lending & Conventional Mortgage AdviceCan I Loan Money to Father in Law under Dodd Frank Rules
Curtis Mears's profile image
Curtis Mears's profile image
Curtis Mears
  • Property Manager
  • from Raleigh, NC
  • Member since Jan 2, 2014
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Curtis Mears's profile image
Curtis Mears's profile image
Curtis Mears
  • Property Manager
  • from Raleigh, NC
  • Member since Jan 2, 2014
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Curtis Mears
  • Property Manager
  • Raleigh, NC
577
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711
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Private Lending & Conventional Mortgage Advice

Can I Loan Money to Father in Law under Dodd Frank Rules

Curtis Mears
  • Property Manager
  • Raleigh, NC
Posted

I had asked this before, but did not have the supporting links, so I am asking again with reference. My father in Law would like to burrow money so he can buy a new house. I would provide a bridge loan secured by the old house and he would pay me back once the old house is sold. Is this legal under Dodd Frank as I am definitely not a mortgage broker? See link below for the detailed explanation.

http://barneswalker.com/seller-financing-restrictions-under-the-dodd-frank-act/

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