Following are recent articles and news relevant to the private lending industry.

Riverside County Ordinance No. 906

Attached (click above link) is the final signed copy of the Riverside Ordinance No. 906 (Non-solicitation on County property) as adopted on June 14, 2011. Unlike prior copies that have been circulated, this copy reflects minor amendments made as a result of arguments at the June 7, 2011 Board of Supervisors meeting attended by Pam Sosa, CMA 2010-2011 President and Phil Adleson, Esq., CMA Legal Counsel, on behalf of CMA. In addition, this version was adopted and signed at the June 14, 2011, Board of Supervisor’s meeting and establishes the date (June 14, 2011) from which one can measure the 30 day waiting period for the ordinance to become effective (Ord. No. 906, Section 10) and the 90-day phase in period (Ord. No. 906, Section 8).
Phillip Adleson, Esq., , 08/02/2011

Update: Riverside County Ordinance No. 906

Riverside County , Trustees Sale Site Map - Sign Locations, 11/16/2011

Proposed DRE Regulations Comment Period

DRE proposed regulation on service by mail (in lieu of personal service) in certain DRE matters. Please provide comments, if any, by December 9, 2011 to CMA Legal Counsel Phil Adleson, at PAdleson@ahk-law.com , Department of Real Estate, 11/18/2011

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The Articles provided on the CMA web site are designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided only with the understanding that the Articles section of the California Mortgage Association is not engaged in rendering legal services. If legal advice or other expert assistance is required, the service of a competent professional should be sought.