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OWNER FINANCE ADDENDUM 1SELLER: ___2BUYER: ___3PROPERTY: ___4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 491. MORTGAGE

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What is 43 seller financing addendum?

The 43 seller financing addendum is a legal document used in real estate transactions that outlines the terms and conditions of seller financing involved in the sale of a property, specifically adhering to the regulations set forth in the Dodd-Frank Act regarding the Consumer Financial Protection Bureau's rules.

Who is required to file 43 seller financing addendum?

Typically, the seller of a property who is providing financing to the buyer is required to file the 43 seller financing addendum as part of the real estate transaction.

How to fill out 43 seller financing addendum?

To fill out the 43 seller financing addendum, one must provide specific details such as the purchase price, the amount of seller financing being provided, the interest rate, repayment terms, and any conditions related to the seller financing.

What is the purpose of 43 seller financing addendum?

The purpose of the 43 seller financing addendum is to ensure that all terms related to seller financing are clearly documented and compliant with legal regulations, thereby protecting both the seller and buyer in the transaction.

What information must be reported on 43 seller financing addendum?

The information that must be reported includes the loan amount, interest rate, payment schedule, and any other terms or conditions associated with the seller financing arrangement.

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