MoynihanPresident, Director and Chief Executive OfficerBank of America CorpCharlotte , NCSector: FINANCIAL / Regional - Mid-Atlantic BanksOfficer since April 2004 51 Years OldBrian T.

We would operate as co-equals, but I think there can only be one Director?

State legislatures specificly designed them because courts were ignoring the legal protections for small closely held corporations finding ways to "peirice the corporate vail" for not following corporate governance such as holding board of directors meetings keeping minutes, ect. 

—The term ‘mortgage originator’— ‘‘(A) means any person who, for direct or indirect compensation or gain, or in the expectation of direct or indirect compensation or gain— ‘‘(i) takes a residential mortgage loan application; ‘‘(ii) assists a consumer in obtaining or applying to obtain a residential mortgage loan; or ‘‘(iii) offers or negotiates terms of a residential mortgage loan; ‘‘(B) includes any person who represents to the public, through advertising or other means of communicating or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items), that such person can or will provide any of the services or perform any of the activities described in subparagraph (A); ‘‘(C) does not include any person who is (i) not otherwise described in subparagraph (A) or (B) and who performs purely administrative or clerical tasks on behalf of a person who is described in any such subparagraph, or (ii) an employee of a retailer of manufactured homes who is not described in clause (i) or (iii) of subparagraph (A) and who does not advise a consumer on loan terms (including rates, fees, and other costs); ‘‘(D) does not include a person or entity that only performs real estate brokerage activities and is licensed or registered in accordance with applicable State law, unless such person or entity is compensated by a lender,a mortgage broker, or other mortgage originator or by any agent of such lender, mortgage broker, or other mortgage originator; ‘‘(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 3 properties in any 12-month period to purchasers of such properties, each of which is owned by such person, estate, or trust and serves as security for the loan, provided that such loan— ‘‘(i) is not made by a person, estate, or trust that has constructed, or acted as a contractor for the construction of, a residence on the property in the ordinary course of business of such person, estate, or trust; ‘‘(ii) is fully amortizing; VerDate Nov 24 2008 22:28 Sep 03, 2010 Jkt 089139 PO 00203 Frm 00763 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203anorris on DSK5R6SHH1PROD with PUBLIC LAWS 5 124 STAT. 2138 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(iii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan; ‘‘(iv) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and ‘‘(v) meets any other criteria the Board may prescribe; ‘‘(F) does not include the creditor (except the creditor in a table-funded transaction) under paragraph (1), (2),or (4) of section 129B(c); and ‘‘(G) does not include a servicer or servicer employees, agents and contractors, including but not limited to those who offer or negotiate terms of a residential mortgage loan for purposes of renegotiating, modifying, replacing and subordinating principal of existing mortgages where borrowers are behind in their payments, in default or have a reasonable likelihood of being in default or falling behind. ‘‘(3) NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY.

If you do business with them and complain or leave a bad review in ANY way they might sue you regardless of whether your loan funds or not.Please search harris county (Houston) court records for Direct Commercial Funding and Calvin D Blake (director) and 1st Nationwide Mortgage Texas inc (his previous entity).Direct uses a virtual office service and a shared receptionist with hundreds of other companies.

As you educate yourself, the picture will become more clear as to which considerations apply to your specific situation.The key is that the plan is invested at arm's length with no direct or indirect benefit to the account holder or disqualified parties (largely lineal family).

A former director of the SEC didn't want her legacy to be the person responsible for a ton of fraud that is certain to arise from the new rules.

I was a program director and case manager for nearly 10 years.

A PHA Commissioner is the boss to an Executive Director.

My name is Mads Jacobsen and I work as a professional Online Marketer with my latest project being an Online Marketing Director for a 6-figure funded Crowfunding campaign.My hobby is Real Estate and I love networking with like-minded people.