Monday, April 9, 2018

AAPL Code of Ethics


Edward James Stock Jr. manages Insula Capital Group in Farmingville, New York, overseeing the structure of short-term bridge loans. Like many in his field, Edward James Stock Jr. is part of the American Association of Private Lenders (AAPL), which advocates for private lenders in the real estate industry.

One key aspect of the AAPL which all members must uphold is the organization's code of ethics, which sets forth rules of conduct for real estate private lenders. The AAPL's mandatory code of ethics dictates that all members follow all laws related to lending, fundraising, and loan servicing. They also require that organizations be honest and forthright in all dealings, and avoid discrimination based on age, sex, sexual orientation, race, or religion.

Members are also prohibited from engaging in various predatory loan practices. So-called bait and switch loans, in which terms are changed from the initial proposition without just cause, are prohibited, as are loans originated with the intent to see the recipient fail.

Members who adhere to all of these requirements may display AAPL trademarks to show their adherence. These agreements can be revoked if the member is found to have acted in bad faith.

Tuesday, March 13, 2018

The 2018 AAPL Annual Conference


A longtime Greater New York City resident, Edward James Stock Jr. leverages two decades of residential and commercial financing experience to serve as Managing Partner of Insula Capital Group, a direct money lender located in Farmingville, New York. Edward James Stock Jr. has guided Insula for the last three years. In addition to his work at Insula, Edward J. Stock holds membership with the American Association of Private Lenders (AAPL).

A professional membership organization, the AAPL advocates for the interests of the private real estate and peer to peer lending industry. Founded in 2009, the organization also works to foster better business practices and professional growth among its members through educational resources, webinars, and events.

One such event is the AAPL Annual Conference. Among the largest events of its kind, the AAPL Conference provides a platform for lending professionals to stay current in industry innovations and learn from experts. In addition to hosting classroom-style educational courses and expert speakers, the event offers professional designation training for the Certified Private Lender Associate and Certified Fund Manager credentials. Moreover, networking activities include a VIP reception, networking mixers, and speed networking events.

The 2018 event is planned for November 4-6 at Caesar’s Palace in Las Vegas, Nevada.