(Added by Ord. No. 187,627, Eff. 10/24/22.)
A. The provisions of this article shall not apply to a beneficiary who is an individual lender as provided in Section 164.02 L.
B. The exemption provided under this section shall apply retroactively to any individual lender who was subject to the requirements of this article prior to the enactment of this section, but otherwise would have met the definition of “individual lender” had this section been in effect during that time.
C. A person asserting an exemption from the provisions of this article under this section may be required to demonstrate to the City’s satisfaction that the person is exempt from the provisions of this article as an individual lender, in writing upon the form(s) provided by LAHD that have been approved by the General Manager.