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Seller-Financing Restrictions Under Dodd-Frank

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.

64 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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 35 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on February 10, 2022.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • 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 Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • NH MCLE 1.1
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 64 Minutes.
     
  • NJ CLE 1.3
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE 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".
     
  • WI CLE 1.0
     
  • This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • WV MCLE 1.3
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
     

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.

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • HI CLE 1.0
     
  • NJ CLE 1.3
     
  • VT CLE 1.0
     
  • WV MCLE 1.3
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

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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More Program Information

Why Lorman?

Over 35 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408377
Published 2022
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