What are regulations for HML's for a pri​vate investor in Arizona

[Demjan Van Der Kach]

Hello all,

I am looking for the opportunities to lend from my SDIRA. I am new to private lending. I wonder how regulated the field is for a person who would lend "on the side" while working a non-real estate full time job. Am I restricted by famous Dodd-Frank, any state specific Arizona restrictions? Do I need to have some sort of license? Is the liability high?

Sorry for very basic questions. 

I am looking for 1st positions lending, short term (about 1 year/ or sale), 10% APR, no points, all closing costs are paid by buyer, investments of 10-20K per deal. My client screening would be very conservative.

Thank you.