State Licensing for Private Lending

Rocky Butani interviewed Jennifer Young, Partner at Geraci LLP, to learn which states require a licensed to originate private mortgages (aka hard money loans) secured by investment real estate. Geraci LLP 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 Geraci's profile on PrivateLenderLink.com to learn more about their services: 
https://privatelenderlink.com/profile/geraci-law-firm/?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 
State Licensing for Private Lending
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