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APPLICATION for OPENING a FILE for RETENTION of LAND Commerce Alaska Form

APPLICATION for OPENING a FILE for RETENTION of LAND Commerce Alaska Form

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well hey there this is seth and in this video i'm going to be covering something called the safe act and specifically how the safe act does or doesn't apply to vacant land transactions that involve seller financing now just uh some quick history on the safe act if you've never heard of it or if you're just totally unfamiliar with it the city effect was a piece of legislation that congress passed and the president signed back in late 2008 and it was basically uh part of a larger housing and economic recovery act of 2008 which came in response to the big subprime mortgage crisis uh you may remember it it was kind of a rough time for real estate in general but basically the idea behind this act was ultimately to require all 50 states to implement a mortgage loan originator licensing and registration system and the tricky thing about the safe act is that each of the 50 states sort of has to implement this for themselves what that means is that one state&

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