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Manage episode 454715473 series 3611923
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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

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21 episodes