The process of financing homeownership is undergoing transformational change. Rent-to-own models, innovative loan programs, and equity sharing agreements are now commonplace options 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 served as in-house counsel – advising companies on issues from product development to regulatory strategy. Our clients include companies that offer traditional mortgages, short-term mortgages, equity sharing contracts, and rent-to-own products. In developing products, we start with our client’s goals and apply the existing framework to those goals. We also have experience responding to customer complaints and defending these products in litigation and regulatory inquiries as well. We deliver actionable legal advice to our clients based on their appropriate risk tolerance.
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.
DIY Law: Beware of the Legal Template
Many companies use contract templates in their day-to-day operations. When drafted properly and tied to the appropriate use case, templates can be a tremendous time and money saving resource. As outside general counsel to companies of all sizes, the review of existing contract templates comes up quite often. Some clients are looking for an upgrade, while others may be seeking a quick, validating green light or help with a contract negotiation utilizing a template as the foundation. Unfortunately, many templates do not accomplish the intended purpose, or worse.
Under the Corporate Transparency Act, Companies Face New Requirements in 2024
In the ever-evolving landscape of financial regulation and corporate transparency, the Corporate Transparency Act (CTA) has emerged as a pivotal piece of legislation. Enacted in 2021 as part of the National Defense Authorization Act, the CTA will require most new and existing legal entities operating in the United States to file reports with the federal government regarding their beneficial owners. The CTA goes into effect on January 1, 2024, and its key provisions are described below.
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