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Regulatory Compliance Fee - Should Buyer Pay? Also, capping closing agent fees.
Hello BP Community,
Just signed a purchase contract as a buyer in Florida. The seller has an agent but I do not as the buyer. The seller's agent prepared the contract, had the owner sign it first, then presen...
Michael Adamo
Seeking Advice: Starting a Private Lending Business for Non-QM Clients and Underserve
Hi BiggerPockets Community,
I’m in the early stages of launching a private lending business and would love to get some insights and advice from those who have experience in this field. My goal is to focus on non-QM (...
Ken Rishel
The Consumer Financial Protection Bureau Becomes the Big Dog
The Consumer Financial Protection Bureau ("CFPB"), through its sponsors in the Treasury Department, and the Conference of State Bank Supervisors ("CSBS") signed a memorandum of understanding ("MOU") relating to inform...
Josh Crown
Legitimacy of Acquiring Aged Corporations
Greetings fellow members! I'm considering acquiring an aged corporation and want to ensure its legality and compliance with regulations. Are there legal and regulatory aspects one should be mindful of when purchasing ...
Daniel Afonso
The Global Data Protection Enforcement Awakening
In recent years, the world has witnessed a regulatory awakening in data privacy enforcement, a development driven by increasing consumer demands for transparency and the global proliferation of privacy laws. While thi...
Ken Rishel
Fair Housing Compliance - What are You Doing?
Apparently someone felt my post the other day was too political and it was removed. That does not change the fact that both retailers and community owners seriously need to address the changes in all of the Fair Housi...
Ken Rishel
Anti Money Laundering – a Technical Explanation
From another client report (this one from 2012) - sans footnotes and references.All Americans are experiencing the expansionist wave of government control over all of our activities, and businesses are being increasin...
Gilbert Dominguez
The latest skinny on Dodd Frank and the Safe Act
If you are an individual you can owner finance one deal per year, If you are married your wife can likewise owner finance one deal per year. If you are a trust you can do one deal per year. If you are an LLC or some o...
Ken Rishel
A New Danger
The Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers put out by the CSBS could put all small lenders who are financing purchases of manufactured homes out of business in states that adapt these...
Ken Rishel
Response to Another Threat to Manufactured Home Finance
Response to Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers Response prepared by Rishel Consulting Group – a consultancy for chattel lendersRishel Consulting Group is a nationwide consultancy ...