Live Webinar

65-minute live streaming program
  • February 10
  • 1:00 - 2:05 pm EST

Seller-Financing Restrictions Under Dodd-Frank

February 10

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.

Learning Objectives

  • You will be able to define the regulations, exceptions, and punishments under the law.
  • You will be able to describe the chain of events that led to the creation of these regulations.
  • You will be able to explain how Dodd-Frank regulates the seller-financed industry.
  • You will be able to identify the potential risks associated with seller-financed loan originations.

Purchase Options

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.

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?
    • Non-Applicability
    • 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
Purchase Options

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.

Credits

Live Webinar Registration

  • 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 State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. 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.
     
  • IL CLE 1.0
     
  • This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
     
  • NH MCLE 1.0
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 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 program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
     
  • WI CLE 1.0
     
  • This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.3
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
     
  • CPE 1.2 including Business Law 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, branch managers, loan officers, loan department personnel, credit and collection managers, accountants, and attorneys.

Purchase Options

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.

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
Purchase Options

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
  • Live Webinars
  • MP3 Downloads
  • 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.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408377
Published 2022
Purchase Options

Register today before this event fills.