Finance
In a Kentucky seller-financed transaction, the seller who takes back a mortgage must comply with:
AFHA lending guidelines
BFederal Dodd-Frank mortgage lending regulations for certain transactions✓ Correct
CKRS Chapter 324 licensing requirements
DVA lending standards
Explanation
The Dodd-Frank Act's mortgage rules may apply to seller-financed transactions if the seller is deemed a 'creditor' by making multiple loans or using a loan originator. This requires compliance with disclosure and other requirements.
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