13-24For VA Guaranteed Loans,the Value Established Is on an "As-Is

question 41

Multiple Choice

13-24.For VA guaranteed loans,the value established is on an "as-is" value and requires that the veteran acknowledge the condition of the property:

• A) at the signing of the loan application
• B) during closing
• C) within 30 days after closing
• D) any time prior to closing

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Definitions:

Critical Area

A space, location, or zone that requires special attention due to inherent risks or conditions needing heightened security, safety measures, or oversight.

Morbidity And Mortality

Terms used to describe the rates of disease (morbidity) and death (mortality) within a population.

Good Samaritan Laws

Legal protections for individuals who voluntarily provide emergency care or assistance to ill or injured persons, without expecting compensation, to encourage bystander intervention.

Morphine Sulphate

A powerful opioid analgesic medication used to relieve severe pain by acting directly on the central nervous system.