Attention CFL Licensees! NMLS Transition Update 2021
December 20, 2021 – Dennis H. Doss & Christopher J. Donovan | Doss Law, LLP We previously announced that the California Department of Financial Protection and Innovation (“DFPI”) published new regulations requiring that all California Financing Law (“CFL”) licensees must transition their licenses over to the Nationwide Multistate Licensing System (“NMLS”) electronic portal no later than December […]
SEC Expands Accredited Investor Definition
By: Dennis H. Doss & Christopher J. Donovan | Doss Law, LLP Attention fund managers and capital raisers for private offerings! Your pool of potential investors just got much larger. On August 26, 2020, the Securities and Exchange Commission (“SEC”) approved “Amendments” to the definition of “accredited investor.” This definition is a key component of several […]
Attention CFL Licensees! NMLS Transition Update
September 9, 2019 – Dennis H. Doss & Christopher J. Donovan | Doss Law, LLP Doss Law, LLP is pleased to announce that on September 6, 2019, the California Department of Real Estate agreed to: A. Dismiss all charges, fines and audit expenses against KS Capital and Bobby Kashani, completely clearing their names; B. Publish an article on […]
Challenge To DRE’s Attack On O/O Business Purpose Loans
May 31, 2019 – Dennis H. Doss & Christopher J. Donovan | Doss Law, LLP Financial Code Sections 4970-4978.8, California’s High Cost Mortgage Law, became law in 2001. It applies to “covered loans,” meaning consumer loans under the Fannie Mae conforming loan limit secured by borrowers’ principal dwellings where one of two thresholds are crossed: […]
Dennis Doss to Speak at CMA About Loan Guarantees
Dennis Doss will join Glenn Goldan and Julia Wei to present a seminar on guarantees used in the lending business, including general guarantees, loan-specific guarantees and construction completion guarantees. The seminar will cover not only the creation of guarantees but also enforcement of them through litigation and common defenses. Their presentation will be at 1:30 […]
