Posts By:
Christopher Donovan

Trust Borrower Shelters Under Consumer Protection Laws

April 21, 2020 By: Dennis H. Doss and Christopher J. Donovan Doss Law, LLP Have you ever considered a mortgage loan to a living trust?  Most of you know that loans to estate planning trusts occupied by the creators of the trust are regarded as owner-occupied consumer loans.  The reason for this treatment is the […]

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HMDA Threshold Raised By CFPB

April 17, 2020 By: Dennis H. Doss and Christopher J. Donovan Doss Law, LLP Very good news for small lenders and brokers.  On April 16, 2020, the CFPB raised the threshold for the number of residential mortgage loans that a lender must make before being subject to HMDA reporting.  Effective July 1, 2020, the new threshold will […]

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Distressed Assets Funds

By: Dennis H. Doss and Christopher J. Donovan Doss Law, LLP Distressed assets funds rise in popularity during a recession.  Banks are eager to purge their portfolios of labor-intensive mortgages that punch holes in their balance sheets and increase their reserve requirements.  Private equity funds must liquidate non-performing loans to meet capital calls from their […]

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Loan to Business Entity Homeowner Struck Down

By: Dennis H. Doss and Christopher J. Donovan Doss Law, LLP As most readers know, loans to business entities, such as corporations and limited liability companies, are exempt from nearly all consumer protection statutes, including the Federal Truth-in-Lending Act, Real Estate Settlement Procedures Act, Safe Act and California High Cost Law contained in Financial Code […]

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Mortgage Debt Regulated By Consumer Debt Collection Law

November 22, 2019 Dennis H. Doss Christopher J. Donovan Doss Law, LLP Recent legislation signed into law will affect mortgage lenders, servicers, brokers and attorneys who seek to collect mortgage debt from California consumers. In 1977, Congress enacted the Fair Debt Collection Practices Act (“FDCPA”) to “eliminate abusive debt collection practices by debt collectors, to […]

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Often Overlooked Consumer Loans for Private Money

September 25, 2018 Dennis H. Doss Christopher J. Donovan We have written many times about consumer bridge loans and the exemption they enjoy from the scary and potentially litigious Ability to Repay (“ATR”) rule embodied in Dodd-Frank.  That rule is embodied in the federal Truth-in-Lending Act (“TILA”) and Consumer Financial Protection Bureau regulations.  But there […]

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DRE Withdraws Its Attack On O/O Business Purpose Loans

September 9, 2019  Dennis H. Doss    Christopher J. Donovan 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 its website (see […]

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