—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.

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).

Related-party rules typically prohibit use of property owned by the taxpayer or a related party as the purchased property.A newly-released IRS ruling enables some taxpayers to circumvent the related-party rules, to indirectly use property owned by the taxpayer or a related party to complete a 1031 Exchange.

There are other ways to acquire title (buy a mortgage and foreclose; tax sale, probate, etc.) however it's a lot of work to go the indirect route, if even available here.Your person will probably show up.

With a bandit sign, the critical elements are that it's concise (can be read quickly), is viewable and readable (i.e. big sign by slow-moving/stopped traffic); and is eye-catching (think colors here: yellow background w/ black letters ALWAYS catches my eye when driving whereas white sign don't necessarily do so).Where unique becomes critical is in direct mail.

Perhaps very indirectly via penson funds, insurance companies, or mutual funds, but there are real people who depend on that income.

I wish to capture a fee from this indirectly since I am prohibited from directly profiting from a law practice since I am not a lawyer.

There is an incredible amount of cash coming from China; private, EB-5, and also indirectly with US citizen partnerships.

This indicates that IRA account owner is indirect owner of the entity you are referring to, is my understanding correct?

Illinois Compiled Statutes (ILCS)"Broker" means an individual, partnership, limited liability company, corporation, or registered limited liability partnership other than a real estate salesperson or leasing agent who, whether in person or through any media or technology, for another and for compensation, or with the intention or expectation of receiving compensation, either directly or indirectly:(1) Sells, exchanges, purchases, rents, or leasesreal estate