What kind of forms do you use, and where did you get them? What kind of legal forms are needed to be presented by the HML if any? I know there is a promissory note, money mortgage and the agreement. Am I missing anything? What about back up deeds?
Same forms and procedure as a bank. The difference is the note will be in the investors name.
Even if it’s individual to business instead of business to individual?
Anyone? If an individual lends to a business, do all of the Truth in Lending, etc. apply? I was under the impression that RESPA, TIL, etc. only applied when an individual or business was lending to an individual.
No hard money lenders here who can answer this?