Finance
What is 'owner financing' and what disclosure requirements apply in Idaho?
AA standard bank loan in the property owner's name
BWhen the property seller provides a loan to the buyer; disclosure of interest rates, payment terms, and TILA requirements may apply✓ Correct
CA loan from an owner-operated credit union
DFinancing for properties owned by the same person
Explanation
Owner financing (seller carryback) means the seller acts as lender. For residential properties, TILA disclosure requirements apply when an individual seller extends credit. Dodd-Frank restrictions also apply to sellers who extend residential mortgage credit more than a few times per year.
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