AK HJR51

Urges the U.S. Department of Housing and Urban Development to broaden the seller financing exemption in proposed 24 C.F.R. 3400.103(e)(5) to exempt all sellers who provide financing for property they own, or alternatively sellers who provide financing for up to 10 properties they own annually.

Requests the exemption be extended to cover heirs of deceased individuals who sell inherited homes even though the property is not their own residence.

Seeks clarification in the licensed real estate brokerage exemption at proposed 24 C.F.R. 3400.103(e)(1) by adding a specific example demonstrating that licensed real estate practitioners lose the exemption only if their commission relates to loan origination, not property sales by lenders.

Notes that seller financing is crucial in certain markets during economic stress and that the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 targets professional lending activities, not incidental financing by property owners.

Directs copies be sent to the U.S. Secretary of Housing and Urban Development and Alaska's congressional delegation.