Gain an understanding of how Dodd-Frank regulates the seller-financed industry.
The Loan Originator Rule came into effect on January 10, 2014, to implement the new Dodd-Frank requirements. The Rule expanded to include certain restrictions on seller-financing in residential real estate transactions where the dwelling is secured by a mortgage unless the seller is entitled to certain exclusions. This material will help to de-mystify the rules and regulations surrounding a section of the law that covers seller-financing and how that impacts anyone from large institutions to Mr. and Mrs. Smith down the street.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Lead to Dodd-Frank Being Enacted?
- The Repeal of Glass-Stegall 1999
- The Incentivization of Subprime Market Originations
- Securitization of Mortgage (MBS)
- Rating Agency's (Moody's) A+ Ratings Ensure Safety in the Assets Being Sold
- New Derivative Products Like Credit Default Swaps to Hedge Against Losses
The Bubble Burst
- Global Banking Crash
- How the Bleeding Was Stopped in the U.S. (Globally)
- Taxpayer TARP Program
- M-2 Money Supply Expansion
New Regulations and a New Government Agency
- What Is a Loan Originator Under the Dodd-Frank Act?
- NonApplicability
- Exceptions to Law
- Punishments and Violations
Uncommon Structures and Exceptions
- Lease Options
- Fix and Flip
- Double Closings
Best Practices and Solutions
- Third-Party Loan Originators
- Costs
- Underwriting Process
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on February 10, 2022.
Call 1-866-352-9540 for further credit information.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Abby Shemesh
Amerinote Xchange
- Co-founder and Managing Partner of Amerinote Xchange
- Assist banks, lenders, and investors with capital generation on illiquid or impaired debt instruments
- Loan acquisitions across multiple assets and collateral classes, nationwide for over a decade
- Astute in multiple investment disciplines including digital assets and blockchain technol-ogy
- Speakership and mentorship at IMN Defaulted Note Forum, Note Expo, and Note Sym-posium (active years 2012 – 2022)
- Can be contacted at 415-295-1401, [email protected], or www.AmerinoteXchange.com
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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