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Private Lending & Conventional Mortgage Advice

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DAVID GREENSLET
  • Bennington, VT
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Dodd Frank

DAVID GREENSLET
  • Bennington, VT
Posted May 29 2014, 18:54

I have tenants that had a lease option which has expired. I allowed them to stay and continue to rent. I froze the option credit and offered to let them use the credit if they buy. If they don't buy they forfeit the accumulated credit.

How does Dodd Frank / SAFE effect this transaction? The original agreement predates Dodd Frank.

Where can I find out the details as they pertain to NY and VT?

Thanks Dave

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