Seller Financing: Good News re S.A.F.E. Act

The State of Alabama Banking Department has issued an Interim Rule that allows up to five (5) seller-financed transactions per twelve month period, exempt from the S.A.F.E. Act licensing requirements. This rule is in effect only until HUD issues final regulations on the subject. Please continue to follow this blog for any word from HUD and/or our Banking Department. To read the Interim Rule, click here.