State Licensing for Private Lending
Description
Rocky Butani interviewed Jennifer Young, Partner at Fortra Law, to learn which states require a licensed to originate private mortgages (aka hard money loans) secured by investment real estate. Fortra Law is the largest law firm in the United States for private lending and offers a variety of legal services - compliance, licensing, securities law, fund formation, loan documents, litigation and more.
Visit Fortra's profile on PrivateLenderLink.com to learn more about their services:
https://privatelenderlink.com/profile/fortra-law/?utm_source=lender-link-podcast
00:00 Intro
00:40 Guest Intro
01:20 Why Licensing Matters
02:00 States Requiring All Licensing
02:40 States Requiring Residential Licensing
03:40 Broker vs Lender Rules
04:20 North Carolina Notes
05:10 California Licensing
07:00 CFL vs DRE
09:30 Nevada Licensing
12:00 Nevada Qualified Employee
13:45 Arizona Licensing
15:05 Broker Compensation Limits
16:50 Oregon Licensing
18:20 Lending in Oregon
19:00 Idaho Licensing
20:20 Utah Licensing
21:30 Minnesota Licensing
22:30 Vermont Licensing
23:40 Dakotas Licensing
24:50 Renewals and Audits
26:30 State Exceptions
28:30 Final Thoughts
29:30 Recap and Sponsor
United States
