Our attorney general's office and their interpretation stated that ANY option contract at ANY time was considered to be governed under this law.

The interpretation being used right now is you mean, when you have an offer pending.

I appreciate the different interpretations of what this actually means.

Given the expense, the necessity of 3rd party oversight, the nebulous nature of DOL interpretation, and the likelihood of inadvertent violation, why even discuss this?

How they specifically adminster a program will vary somewhat as the interpret HUD guidelines, for example, how strict they might be on inspections.You can rent a unit for what ever you like, but charging more because someone receives assistance will land you in trouble.

Trouble is, so many plan providers are giving contradictory advice and I can't seem to understand what parts of the IRS code apply to each version of a plan, or how to interpret them if I did. . .1) Agent John, acts as the buyer broker for an investment property to be acquired by his retirement plan.

It is my interpretation that once a reasonable commission is agreed, I tag that onto the sale price, therefore passing the cost to the buyer.

Also knowing how your state Commissioner of Banks will interpret the SAFE Act is very important.

A quick look at Reno stats could be interpreted differently.

Aaron Churnick -I'm not sure why you're interpreting that memo the way you are, but there is no reason to wait until the 91st day anymore (unless your particular lender has an overlay that trumps the FHA waiver, in which case find another lender).