“Interview with an… SBA Attorney regarding the dreaded SBA 159 form.”
THIS PRODUCT IS UNAVAILABLE.
Go here to see other training products for commercial mortgage brokers.
If you do or are starting to do SBA loans as a broker, you may or may not realize how big of an issue the SBA 159 form is for us commercial mortgage brokers. The SBA 159 form seriously impacts how we can get PAID on SBA loans.
Only recently has banks and the SBA started to enforce this rule. Did you know that the SBA has the right to come back to you as a broker and demand that you give your borrowers a refund on any origination fees that you improperly charged? Did you know that it is illegal for you to charge a fee based on the loan amount… And or based on the successful closing of the loan? (Among other ridiculous stipulations.)
So what we have done here is created a 2 part package so that you set yourself up properly and avoid violating any rules, thus avoiding fines, refunds and potential PRISON time. Avoid the “big house”!
Here’s our solution:
- We recorded an interview with our Attorney (that we pay $300 an hour for) so that you can know what is going on with these regulations and how it impacts the role of commercial mortgage brokers within the SBA field. Total time is 1 hour and 20 minutes. It is done in a conversational/Q & A style. Transcripts comes with as well. Sold separately for $75. See combo price below.
- Pre drafted fee agreement between you and the borrower, that complies with the new SBA regulations so you don’t have to worry about violating any rules. It comes in Word so you can easily alter it. Sold separately for $75. We paid our attorney $600 for it. You save $500. See combo special below.
Get both for only $95. If you hired an attorney yourself, you would likely spend around a $1,000 or more (like we did). Or you can get it for a faction of the cost from us…
The financial regulation and enforcement is getting tighter and tighter in our industry. Protect yourself and do things properly. You can still make a lot of money outside of close or at close, if you structure your fee in accordance with the rules.