PL 360°
California Civil Code § 2924.13 makes one thing clear:If you manage your own loan — you’re a servicer.Not because you’re licensed. Because you function as one. As someone who’s been professionally servicing private money loans for decades, and charging a nominal...
A lender’s protection doesn’t start after the loan closes; it begins before the wire goes out. Yet most private lenders wait too long to think about servicing. That’s when mistakes happen, payments get missed, and legal rights fall through the cracks. Servicing isn’t...