Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 69

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 69
---
 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.

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 for a character and fitness review, submit to a criminal background check, complete a minimum of 20 hours of pre-licensing education, complete an annual minimum of eight hours of continuing education and successfully