LEGALITY OF BEING A LIAISON BETWEEN A PRIVATE LENDER WHEN HOLDING A NMLS LICENCE IN NYS

[Eve Robin Jarrett]

In NYS are any laws in effect that would preclude someone who has a NMLS license, from acting as a liaison between a Private Lender who is lending on a NON OWNER OCCUPIED acquisition construction loan for a Builder? The lending entity would be lending to an LLC (BUILDER) and paying a fee to another LLC for the liaison services, not the individual that has the NMLS license. I would be very grateful for any input and any referrals to a law practice that may be able to fully address this question.

Also if the same LLC being paid for the liaison services was also participating in the lending pool..how would this affect anything ?

Thank you,

EVE