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REPLY TO THREAD
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HUD Attempting to Outlaw Owner Financing & Wants Your Fingerprints
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Original Message
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HUD Wants Your Fingerprints - or Else
Agency Seeks to Outlaw ALL Owner Financing On All Non-Owner Occupied Homes.
Demands That Property Owners Become Fingerprinted, "Licensed Mortgage Originators"
Rules Apply to Owners Who Own Their Property Outright
Creates New Class of Outlaws and Could Force People to Finance Through The Federal Government
February 16 Deadline for Public Comment
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Dear Citizens:
In its latest attempt to control Americans capital HUD has proposed stunning, private property busting rules in Docket No. FR-5271-P-01. This proposal provides a window into the minds of your federal employees who have clearly decided that your property rights must be lassoed for "your own protection." Like most new regulations, these rules create new legislation without legislation being proposed by your representatives. In this case HUD has been granted authority by the Secure and Fair Enforcement Mortgage Licenscing Act of 2008, signed into law by President Bush, to do whatever it pleases to enforce the general spirit of the Act. A few hightlights of the proposed regulations:
1) Outlaws ALL unlicensed owner financing unless the owner occupies the property.
2) Requires mortgage originator licensing if you seek to finance your property to someone - even if you own the property outright.
3) You cannot receive a license if you've committed any felonies - ever - meaning you'll never be permitted to self-finance your property under any conditions if you're a felon of any kind.
4) Mandates fingerprinting to finance your own property
5) Threatens a $25,000 penalty for owners who fail to obey HUDs rules
6) Forces owners to complete 3 hours of Federal Law training
7) Mandates owners complete 2 hours of federally approved 'ethics' training
8) Requires that owners complete 2 hours of lending standards training
9) Puts upon all self-financing owners and their prospective buyers dramatically higher costs and decreased opportunities to engage private property transactions.
10) Stops you from exercising your own constitutionally protected private property rights until the government approves your conduct - and charges you for it.
11) HUD grants itself authority to summon you any time it chooses for a host of reasons
12) I could go on, but you get the point.
Irrespective of what the document claims, the primary purpose of this legislation is to force more lending and taxable transactions to pass through federal hands. But, of course, this and the endless rules and regulations steamrolling our society are for our own protection... right?
You may make your opinion known to HUD regarding this proposed legislation (disguised as a "rule") by following the instructions on page 2 of the document. I encourage you to contact your local real estate professional who might be able to explain how these rules will affect all property holders - and those who seek to become property holders - in one fashion or another.
FORWARD this email to all people who value their private property rights. More alerts coming over the next two weeks as some legislation and rules are "sliding" under the radar.
Thank you,
Edward Whittaker
Founder
RescueUS Project dba
Citizen Assemblies
530-622-6598
[link to citizenassemblies.com]
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