Re: The truth on House Bill 1787

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Posted by Bill Bronchick on June 10, 2009 at 16:16:52:

In Reply to: Re: The truth on House Bill 1787 posted by James on June 10, 2009 at 15:57:11:

Theoretically you'd have to be licensed. You could form a new entity for each deal and be exempt. You could have a local mortgage lender "originate" the note for you for a fee you charge your buyer. The penalty by the way for non compliance? 3x the origination fee. What if you don't charge an origination fee?

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