They are to be used to interpret and instruct you on the filing and Rules of Court.

Anybody has a better interpretation?

Now, if there is vague language which can be interpreted multiple ways, they may elect to fine you but it probably wouldn't stand up in court. 

Per SEC rules, to participate in a private placement you must be either an accredited investor (>$1M net worth ex. value of your home) or a sophisticated investor, which I suspect is open to interpretation.  

in my experience mortgage companies have been all over the board on their interpretation of the 90 day rule :- Some calculate the 90 days from the date of closing and some the date of recording of the deed.

Disclaimer: Not to be interpreted as investment advice.

This is exactly what IRR tells us – it gives us the exact point where the NPV is $0…our breakeven point.Let’s plug the numbers into the spreadsheet to get the IRR of this deal:It looks like our IRR is 4.86%.You can interpret that in a couple ways:1.  

I interpret that to mean that, since Borrower's obligation is limited to excess funds, and there will be no excess funds, then Borrower's obligation is limited to zero, and the second mortgage is dead.What am I missing?

Understood, I agree certain tasks are definitely best kept for those that are well qualified, especially considering the liability in messing up with the IRS, but as I understand it, some of the VAs are quite skilled, considering they do lots of real estate work.For what it's worth, I did come across a piece of software that proports to actually interpret the receipt data for you...if I find the program again I'll post back.

Sign Language interpretation services may or may not be necessary.