Let's step back in time when the government sign into law the Red Flag act most business is not using it, and the OFAC act most don't use it, and I have not heard anyone going to jail by not abiding by these rules.

The government said everyone must follow the OFAC rules but look like it has faded into the Texas sunset.

This is fresh off the presses:Goldman, Morgan to Become Full-Fledged BanksHere's a bit from the article:Goldman Sachs and Morgan Stanley, the last two independent investment banks, will become bank holding companies, the Federal Reserve said Sunday night, a move that will fundamentally alter the landscape of Wall Street.The move alters one of the models of modern Wall Street, the independent investment bank, soon after the federal government unveiled the biggest market intervention since the New Deal.

We are going to have all expense run through my account and for tax reasons we are not paying Young Construction cause that means he would have to pay in to the government for his employees, etc...We will put $13k (if we had to pay contractors, etc. to do the work it would be about $25k in work) into the house and list it for $42,500 - our Real Estate Agent said it will sell easily for $39k or $40k.

A HUGE percentage of home loans are backed by the government and the government is BEYOND BROKE!

A couple of thoughts:It's the Federal government.

They must be in tight with the government because deny and lie was their motto until someone can prove they did anything wrong.

Conspiracy theory - folks that buy it for insurance want to take possession of it for the same reason that they don't want to invest in stocks - they want to be in control of something real and that can be traded privately and quickly if needed away from the prying eyes of government.

That $500,000 rental in California also has a MUCH higher eviction expense; higher property taxes; all kinds of socialist government registration fees and costs that the Ohio rental doesn't have, etc, etc, etc.

Now, you have a problem.There are several laws you need to investigate, not just a mortgage brokers license, banking laws govern the sale and servicing of notes, SEC res can apply, money laundering laws, ALTA and TIL may apply, the SAFE Act and others, state financing laws, so just looking up mortgage broker origination laws don't cover the big picture.