Is Private Lending An Activity That Is At Risk?!

[Alfred Bell]

I'm very unhappy to hear that Dodd/Frank, the SAFE Act, and who knows what else is in the works, is legislation originated from the banking lobby (in cahoots with the governement) aimed at knocking private and small lenders out of business. The banking system wants to control all lending activities in the country.

Oh oh... just saw this in the WSJ. Is this another threat as well?

[i]"Fed Extends Rules to Small Lenders:The Fed shocked bankers by approving a proposal that would force even the smallest lenders to comply with international bank-capital standards known as Basel III."

[b]Gulp! Are private lenders, trust deed investors, etc. in danger of becoming extinct?

[Jeff S.]

It is a scheme to make it difficult to function w/o an attorney who will eat away at your profits if you complicate things. Call a RE attorney and get a quote for a contract or JV agreement like you are contemplating to see if doing it this way is worth combining equity and interest.