To Qualify Property to Be Pledged as Collateral for a VA

question 5

Multiple Choice

To qualify property to be pledged as collateral for a VA guaranteed loan, it must meet VA standards as determined by

• A) written affidavit of the veteran seller
• B) inspection and approval of the lender's agent
• C) any approved VA builder
• D) a VA approved appraiser

---

Definitions:

Shales

Fine-grained sedimentary rocks formed from silt and clay particles, known for their ability to split into thin layers.

Salt Domes

Geological formations created when masses of salt are forced upward through overlying sediments, often associated with oil deposits.

Sedimentary Rocks

Rocks formed by the deposition and subsequent cementation of mineral or organic particles on the floor of oceans, lakes, or rivers.

Folds

Structures formed by the bending and warping of rock layers due to pressure and heat in the Earth's crust.