Dodd-Frank and SAFE Acts are two pieces of legislation aimed at protecting the American consumer or average home buyer from mortgage fraud. Both impacted the business of finance and in particular, seller financers or private lenders. Per Investopedia, a valued and respected authoritative reference for all things business, seller or owner financing is defined as "A real estate agreement where financing provided by the seller is included in the purchase price."
Before the SAFE Act and Dodd-Frank Act financial reforms, there were no restrictions on the amount of times a private party selling real estate could create or offer owner financing to another private party who wanted to buy a home. Now there's a limit of 3 real estate note transactions within a 12-month period. That has changed this type of transaction, along with other things.
The Secure and Fair Enforcement Mortgage Licensing Act, or SAFE Act, which was passed by Congress in 2008 as part of the Housing and Economic Recovery Act (HERA) established standards for the licensing and registration of state-licensed mortgage loan originators.
The effective date of the Dodd-Frank (Dodd-Frank Wall Street Reform and Consumer Protection Act) amendments to the Truth in Lending Act which pertain to seller financing rules is January 2014; but many have already taken or are taking action to comply.