Finance
Under Wisconsin law, a seller who carries a second mortgage for a buyer must ensure the transaction complies with:
AMLS rules on seller financing
BFederal and state truth-in-lending requirements if it meets consumer credit thresholds✓ Correct
CDSPS seller financing rules
DFannie Mae guidelines for all mortgages
Explanation
Seller financing that meets the definition of consumer credit may be subject to federal TILA (Truth in Lending Act) disclosure requirements.
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