The 3 Touch Rule | Private Money Minute

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  • If I am raising $ from private investors who will fund a mortgage on a home [as in Reves vs. Ernst & Young], this is not considered a security – correct? I wouldn’t have to worry about 3 touches?

    • Crowdfunding Team
      September 16, 2019 6:05 pm

      It is a security but there is usually a self executing exemption that doesn’t require full disclosure. However general solicitation is not allowed and therefore, there would need to be a preexisting relationship.


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