Summary
Material law involves the substantive rights and duties of individuals, such as contract and property law. In Florida, creditors must provide appraisals promptly or at least three business days before a transaction. Loan originators have 30 days to notify borrowers of incomplete applications. For a marketing brand, forming a DBA under an LLC offers liability protection and privacy benefits. An EIN is useful for both LLCs and individual DBAs for tax purposes. Homeowners can choose tenants based on financial criteria but must comply with the Fair Housing Act to avoid discrimination.Full Conversation
A creditor shall provide a copy of all appraisals promptly upon completion or _________ business days prior to the consummation of the transaction, whichever is earlier.
In Florida, a creditor is required to provide a copy of all appraisals promptly upon completion or at least three business days prior to the consummation of the transaction, whichever is earlier.
Do you have any specific concerns regarding this requirement?
If a loan application is incomplete, how many days from application does a Loan Originator have to provide a notice of incompleteness to borrowers?
A Loan Originator has 30 days from receiving an incomplete loan application to provide a notice of incompleteness to the borrowers.
Is there a specific issue you're encountering with a loan application in Florida?
is better to create a DBA via a LLC or indivdual?
It depends on your business needs. Here are some points to consider:
- LLC: Offers liability protection, separating personal assets from business debts.
- Individual: Easier and cheaper to set up, but no liability protection.
What type of business are you planning to start?
its a marketing brand
For a marketing brand, creating a DBA (Doing Business As) under an LLC might be more beneficial due to liability protection and potential tax advantages. However, if you are just starting and prefer a simpler setup, starting as an individual could be a good option.
Is there any specific reason you're leaning towards one option over the other?
what about privacy reasons
For privacy reasons, forming an LLC offers better protection as it separates personal information from business dealings. Using an LLC for your DBA can help keep your personal information private, whereas an individual DBA might expose more personal details. Do you have any other specific concerns regarding privacy?
what about EIN
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An Employer Identification Number (EIN) is important for both LLCs and individual DBAs when managing taxes and hiring employees. Here are some key points:
- LLC: An EIN helps separate personal and business finances, protecting privacy.
- Individual: An EIN can be used instead of a Social Security Number, enhancing privacy.
Do you need information on how to apply for an EIN?
as a home owner can i choose who i rent to or does it violate fair housing?
As a homeowner, you have some discretion in choosing renters, but you must comply with the Fair Housing Act. This law prohibits discrimination based on:
- Race
- Color
- National origin
- Religion
- Sex
- Familial status
- Disability
Do you have any specific criteria you are considering for selecting tenants?
we just like kind tenants that pay
You can choose tenants based on criteria such as their rental history, credit score, and ability to pay rent. However, ensure you comply with the Fair Housing Act and avoid discriminatory practices. Do you have any other specific questions about tenant selection?
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