May 3, 2013 at 1:51 pm EDT
#3079
kjgreen
Member
One more question about this subject, and hopefully I’m done! I think we may have run across a loophole. The scholarship fund that we service for is monies left to an estate. The executor is a local attorney. These funds are not federally insured, nor is the “lender” federally regulated–which appears to mean that they are not federally regulated mortgage loans. Am I on the right track here?