But, be aware that you need to get professional advice, don't start taking taking opinions from investor types who have no legal or regulatory background.

Take a look at the thread by Ken Rishel on the SAFE Act and scores of regulatory issues.

Lending is covered under the UCC, federal and state regulations, which are closely tied together in various ways and a violation in one area can play on other regulatory issues, the new act is just part of the big picture.I realize that was not a simple answer, it's not a simple question as stated.HMLs need to know the new laws or be aware of them, sort of like driving down the street and knowing what the speed limit is, I can drive slow but I'll never know how fast I can go unless I know where the line is. :)

There is definitely huge regulatory risk that this tax-free withdrawal loophole will be closed.

But if you're looking for regulatory type databases, I am not aware of them.

Now, some HUD rulings, regulations carry the weight of law, there are federal Acts that give HUD the authority to administer laws and make determinations and implement standards that are regulatory requirements.

However, other states may require that you file with a different office such as the State Corporation Commission, Department of Commerce and Consumer Affairs, Department of Consumer and Regulatory Affairs, or the Division of Corporations & Commercial Code.

They are ENTITLED because operating as an unlicensed broker means:1. no licensing2. no accountability..no license to lose...no state regulatory agencies to fine you3. no E&O insuranceWhen there is a dispute regarding an agent or agency, a complaint can be filed with the state governing board.

Each individual has their tolerance on the regulatory hoops. 

Two footnotes as to the UCC: One, the UCC has a long history in its standing and a few states have not adopted the (entire) code, they don't ignore matters but have adopted similar state statute or regulatory powers addressing such subject matters and restrictions will be very similar.