Seller Finance Update

SELLER FINANCE

The Seller Finance Coalition continued to make significant progress towards regulatory relief for our industry in 2018.

The Seller Finance Enhancement Act (HR 1360) was introduced in the Financial Services Committee by Congressman Roger Williams and 23 bipartisan cosponsors. Unfortunately the clock ran out on us before the bill went to mark-up in the committee but we are pleased with the input and direction we received from all our cosponsors.

2019 is shaping up to be a very interesting year to say the least especially from a legislative perspective and your continued support is going to be key to helping push our efforts. We have a two-pronged approach heading into this new session of Congress.

• First, we are looking to reintroduce The Seller Finance Enhancement Act in the House Financial Services Committee with a Democratic lead sponsor to join our Republican lead sponsor Roger Williams.

• Secondly, we are working to introduce a companion bill on the Senate side through the Banking Committee. We are working for bipartisan lead sponsors for that bill as well.

These two efforts will take all of us working together on a grassroots level both at home and in D.C. We will be hosting our Annual National Flyin on April 30 th and May 1 st to hear from various legislators and hit the Hill telling our stories. I

encourage all of our members and others you can invite to join us in D.C.

SellerFinanceCoalition.org