This Webinar is made available by the Manufactured Housing Institute, Manufactured Housing Educational Institute, and BuilderRadio.com.

Webinar Date and Time: July 21, 2010

2:00 p.m. Eastern

1:00 p.m. Central

12:00 p.m. Mountain

11:00 a.m. Pacific

Webinar cost: $25 per location.

Whether you have 2 or 20 people gathered in an office or conference room, you pay only $25. If you can’t attend the live event, register anyway, and BuilderRadio will send you a download link, within 48 hours of the live broadcast. Download will include full PowerPoint and audio.

Click here to register for the event: sellingmorehomesmedia.com

About the Webinar

The lack of financing available to consumers wishing to purchase homes in land-lease communities in recent years has created a variety of in-house finance programs operated by community owners. This new finance activity potentially triggers state licensing requirements for communities as lenders, and employees as mortgage loan originators.

Under the SAFE Act, a residential mortgage loan means any loan on a dwelling as defined in the Truth in Lending Act, which includes personal property loans on manufactured homes. The SAFE Act implements licensing requirements for any individual who acts as a mortgage loan originator for a residential mortgage loan. A mortgage loan originator is any person who receives compensation or gain from the loan transaction, a person who takes a residential mortgage loan application (and can presumably make a decision on that application) or a person who offers or negotiates terms of a residential mortgage loan. The SAFE Act mandates that all mortgage loan originators be licensed through the Nationwide Mortgage Licensing System and Registry (NMLS) which establishes uniform minimum national standards for testing, pre-licensing and continuing education.

This Webinar will provide details on which industry activities, especially in land-lease communities, are covered by the SAFE Act, the licensing process for mortgage loan originators, the laws covering lender licensing, and how the SAFE Act has caused personal property lending to become subject to mortgage lending laws.

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About the Speaker

Deborah M. Robertson is an attorney at McGlinchey Stafford, where she centers her practice in the areas of banking law and consumer financial services law with a focus on mortgage lending, manufactured housing and 50-state licensing and regulatory compliance. Deborah advises financial institutions regarding consumer financial services issues, manufactured housing financing issues, licensing, regulatory compliance, legislative matters and documentation. She is frequently called upon to speak to industry groups on licensing and SAFE Act issues and has been quoted in national banking publications, including American Banker.

Deborah was invited by the New York State Banking Department to serve on the committee to develop New York specific test materials for the mortgage loan originator licensing process. As part of the committee, she revised and approved a state outline, assisted in the creation of new test items and assisted with the creation and approval of test specifications and standards. She worked directly with members of the New York State Banking Department on this project as a subject matter expert on New York’s mortgage loan origination laws, regulations and practices.

Deborah is the primary drafter of H.R. 5369, a bill to amend the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) to exempt manufactured and modular housing retailers from the requirements of the Act, which is currently under review in the U.S. House of Representatives.

Deborah advises national consumer finance companies regarding state regulatory compliance, including 50-state licensing requirements and maintenance, negotiations with state regulators pertaining to licensing and compliance matters. Deborah also has particular expertise in the areas of residential mortgage lending and state and federal lending law compliance.

Click here to register: sellingmorehomesmedia.com