The process of financing homeownership is undergoing transformational change. Rent-to-own models, innovative loan programs, and equity sharing agreements are now commonplace among the range of financial products available to homebuyers and homeowners. Offering these novel products requires a nuanced understanding of the regulatory environment and industry standards.
Our team has experience on the wide-range of issues facing home financing companies, including:
Our team members have been in-house counsel at mortgage and equity sharing companies, and have experience advising clients across the industry. Scale LLP is a tech-forward, remote-first law firm, which gives our attorneys the ability to tailor services to client needs at every stage of growth. We bring a nimble mindset that is adept at spotting growth opportunities for clients.
OCC Bulletin Offers Guidance on Venture Lending
In the wake of the Silicon Valley Bank crisis and other incidents of banking distress last year, new participants continue to enter the venture debt market — resulting in the formation of new banking relationships. Accordingly, the Office of the Comptroller of the Currency (“OCC”) issued Bulletin 2023-34 (the “Bulletin”) to address what it sees as “heightened uncertainty” created by these developments.
California’s New Small Business Commercial Financing Regulations
The goal of S.B. 666 is to protect small business borrowers by restricting the types of fees they may be charged by brokers or providers of certain business loans.3 In this article, we address key issues arising under S.B. 666 for both borrowers and lenders.
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