SAFE act / Dodd Frank, seller financing, "de minimis" exception

[Demjan Van Der Kach]

Hello everybody! I would like to understand the "de minimis" exception in SAFE act and Dodd Frank. My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without going through licensed loan originators... is it correct? Basically these three transactions could be done on private terms? I wonder how flexible I could be with my contract terms? Do I have to fulfill the "ability to pay" requirement in these first 3 transactions? Anything specific on SAFE act in Arizona? Thank you