Seller Finance/Note Servicing Requirements

[Damon Wong]

BP,

I did my first seller finance sale, creating a note that the buyer is now promptly making mortgage payments to me---going swimmingly well thus far.  After more research, I came across various blogs/posts regarding Dodd-Frank and SEC compliance rules/requirements for formal "loan servicing".  Does anyone have experience or know what is required for this?  I understand that for one or 2 notes it's not needed, but as I look to continue creating and trading notes, I want to ensure I'm in full compliance.  Thanks.

-Damon