Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 212

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 212
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 of 
 Operating Leases                      |     | December 31, 
 2023         |           |   |
|:--------------------------------------|:----|:-------------|----------:|:--|
| 2024                                  |     | $            |   350,316 |   |
| 2025                                  |     |              |   360,793 |   |
| 2026                                  |     |              |   282,758 |   |
| 2027                                  |     |              |   227,669 |   |
| 2028                                  |     |              |   234,499 |   |
| Thereafter                            |     |              |   490,314 |   |
| Total future minimum rental           
 commitments                           |     |              | 1,946,349 |   |
| Less Imputed Interest                 |     |              |   (95,565 | ) |
| Total                                 
 Lease Liability                       |     | $            | 1,850,784 |   |

REGULATIONS

Government Regulations Affecting Mortgage Loan Origination

Beeline operates in a heavily regulated industry that is highly focused on consumer protection. The extensive regulatory framework to which Beeline is subject includes U.S. federal and state laws and regulations.

Governmental authorities and various U.S. federal and state agencies have broad oversight and supervisory authority over all aspects of Beeline’s business.

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), the Consumer Financial Protection Bureau (the “CFPB”) was established to ensure, among other things, that consumers receive clear and accurate disclosures regarding financial products and to protect consumers from hidden fees and unfair, deceptive or abusive acts or practices. The CFPB’s jurisdiction includes those persons producing or brokering residential mortgage loans. It also extends to Beeline’s other lines of business title insurance. The CFPB has broad supervisory and enforcement powers with regard to non-depository institutions, such as Beeline, that engage in the production and servicing of home loans.

As part of its enforcement authority, the CFPB can order, among other things, rescission or reformation of contracts, the refund of moneys or the return of real property, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public notifications regarding violations, remediation of practices, external compliance monitoring and civil money penalties. The CFPB has been active in investigations and