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English to French translations [PRO] Law/Patents - Finance (general)
English term or phrase:purchase money mortgage
When a creditor takes a security interest in the consumer's principal dwelling (except via a purchase money mortgage), the transaction is subject to the consumer's right to rescind the transaction until midnight of the third business day following consummation of the transaction or the delivery of the disclosures and rescission notices required by the TILA, whichever is later.