seller financing illegal: Seller financing may become illegal - ACT BEFORE JULY 22, 2011 - 07/16/11 04:21 AM
When the Dodd-Frank Wall Street Reform and Protection Act was passed, it made sweeping changes to the lending, credit card, and mortgage industry.  One of the provisions is that a seller could not do more than 3 seller financing deals in a year without needing a mortgage loan originator license. The law also has provisions that such seller financing provisions must meet certain other criteria. 
Here is a direct link to the Fed proposed rule available for your comments: *** Fed's propsal - make comments here. ***
Below is some exact language regarding this provision. (If you want to read the whole … (10 comments)

 
Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.)

Rob Arnold

Metro Orlando Full Service - Investor Friendly & F

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714

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