Finance
In Louisiana, the 'seller's disclosure of financing terms' in an installment sale (bond for deed) must include:
AThe seller's cost basis in the property
BThe purchase price, interest rate, payment schedule, balloon payment date (if any), and other material credit terms✓ Correct
CThe seller's reasons for using seller financing
DThe buyer's employment verification
Explanation
When seller financing is used (including bond for deed), the credit terms must be clearly disclosed — purchase price, interest rate, payment amounts, due dates, any balloon payment, and default consequences — to ensure informed consent by both parties.
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