Question

What consequences or actions may be taken against a seller who provides self-financing options and does not adhere to the guidelines set forth in 1401?

Answer 1

Consequences for a seller who does not adhere to the guidelines set forth in 1401 when providing self-financing options can include legal action, loss of reputation, and regulatory penalties.

Step-by-step explanation:

When a seller provides self-financing options but does not adhere to the guidelines set forth in 1401, there can be several consequences or actions that may be taken against them. One possible consequence is legal action, where the buyer can sue the seller for breach of contract or fraud. The seller may also face negative reputation and loss of future business as word spreads about their unethical practices. Additionally, regulatory authorities may impose fines or other penalties on the seller for non-compliance.