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Subsequent to the Funding of a Loan, the Most Common

Question 104

Multiple Choice

Subsequent to the funding of a loan, the most common document/s obtained is/are:


A) New or updated appraisals as evidence of the current value of the property
B) Current financial statements on the borrower or the property, if the property is income producing, as evidence of the borrower's continuing financial strength and of the property's continuing ability to produce income
C) Periodic inspection reports as evidence of the physical condition of the property
D) Borrower's financial statements

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