Mastering Real Estate & Note Investing

Alaska recently amended its law regarding exemptions from mortgage lender, broker, and loan originator licensing requirements to, among other things, exempt bona fide nonprofit organizations and seller-financed lenders from certain requirements.  The changes for bona fide nonprofits will become effective on January 1, 2020.  Seller-financing license exemptions became effective on July 8, 2019.

Individual sellers of seller-financed mortgage loans secured by the dwelling are also exempt from mortgage loan originator licensing requirements, with the amended law now allowing up to five properties to be seller-financed in a 12-month period.

READ MORE:  https://www.jdsupra.com/legalnews/new-alaska-law-exempts-bona-fide-40684/

Contributed by Ric Thom,

President Security Escrow
Owner/Broker Selling New Mexico

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