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Private Loans

by | Jan 17, 2025 | Firm News

If you want to loan money to someone (even a family member) secured by a lien or mortgage on the borrower’s home, please consult with an attorney to properly structure the transaction.  The Dodd Frank Act of 2010 severely limits these transactions and imposes severe penalty for violations.    Loans should be treated as business transactions, even to family members, and the lender needs legal protection to make sure the loan is correctly documented.

Mitch

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