Finance
A Louisiana seller who 'takes back' a mortgage from the buyer is engaging in:
AIllegal self-dealing
BPurchase money mortgage (seller financing)✓ Correct
CA judicial mortgage
DA credit sale violation
Explanation
When a seller provides financing to the buyer and takes back a mortgage (note secured by the property), this is called a purchase money mortgage or seller financing. In Louisiana, this may be structured as a Credit Sale.
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