Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 14

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 14
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    the Servicemembers Civil Relief Act, which provides financial protections for eligible service members;

    ●
    the Federal Trade Commission Act, the FTC Credit Practices Rules and the FTC Telemarketing Sales Rule, which prohibit unfair or deceptive acts or practices and certain related practices;

    ●
    the Telephone Consumer Protection Act (the “TCPA”), which restricts telephone solicitations and automatic telephone equipment in connection with both origination and servicing of loans;

    ●
    the Mortgage Acts and Practices Advertising Rule (“Regulation N”), which prohibits certain unfair and deceptive acts and practices related to mortgage advertising and imposes recordkeeping requirements on advertisers;

    ●
    the CAN-SPAM Act, which makes it unlawful to send certain electronic mail messages that contain false or deceptive information and provide other protections for email users;

    ●
    the Consumer Financial Protection Act, enacted as part of the Dodd-Frank Act, which (among other things) created the CFPB, and gave it broad rulemaking authority over certain enumerated consumer financial laws and supervisory and enforcement jurisdiction over mortgage lenders and servicers, and prohibits any unfair, deceptive or abusive acts or practices in connection with any consumer financial product or service; and

    ●
    the Bankruptcy Code and bankruptcy injunctions and stays, which can restrict collection of debts.

Beeline is also subject to a variety of regulatory
and contractual obligations imposed by entities purchasing loans from Beeline insurers and guarantors of the loans Beeline produces or
facilitates.

11

State Lending Laws and Regulations

Beeline must comply with state laws and regulations,
including licensing requirements and other regulations which vary by state, in order to conduct its business.

To conduct residential mortgage lending operations
in the United States, Beeline is licensed in 28 states and the District of Columbia including California, Florida and Texas. Its title
agencies also maintain licenses to operate in certain of these states. Generally speaking, the licensing process includes the submission
and approval of an application to the applicable state agency, a character and fitness review of key individuals, and an administrative
review of our business operations. Such requirements occur at the initial stage of license acquisition and throughout the period of licensure.

Under the SAFE Act, all states have laws that require
mortgage loan originators employed by non-depository institutions to be individually licensed to offer mortgage loan products. These licensing
requirements require individual loan originators to register in a nationwide mortgage licensing system, submit application and background
information to state regulators