Check your transaction against Dodd-Frank, SAFE Act, state laws, and more
3
compliant
1
warning
0
violation
2
Review
Transaction classified as CONSUMER (high confidence)
Owner-occupied residential property indicates consumer transaction
Exempt: 1 transactions/year (≤3 allowed)
Seller financing exemption applies for ≤3 properties/12 months
Citation: 12 CFR 1026.43(a)
Note: Borrower may rescind up to 3 years; statutory damages up to $4,000
Verify 6.5% rate complies with CA usury limits
California follows federal Dodd-Frank exemption (3 properties/year). More than 3 requires CFL or CRMLA license.
Action Required: Confirm interest rate within state usury limits or exemption applies
Note: Varies by state: void contract, forfeit interest, treble damages, or criminal penalties
1 transactions within 3/year exemption
More than 3 seller-financed transactions per year requires licensing under California Finance Lenders Law or California Residential Mortgage Lending Act.
Note: Unlicensed lending may result in fines, loan voidability, and criminal charges
10 disclosure(s) required for consumer transaction
LE, CD, TIL, Rescission, Property Disclosure, Lead Paint, Seller Finance Disclosure, ECOA Notice, IRS Disclosure, Annual Statement
Action Required: Ensure all required disclosures provided with proper timing
AI-generated documents require professional review
Documents generated by this platform are for informational purposes and must be reviewed by qualified legal counsel before use.
Action Required: Have all transaction documents reviewed by licensed attorney