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