DRE/DFPI Defense

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DRE Withdraws Its Attack On O/O Business Purpose Loans

September 9, 2019 by 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...
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Business Purpose LoansLoan Documentation

Challenge To DRE’s Attack On O/O Business Purpose Loans

May 31, 2019 by 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: (a) the...
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