Finance
A Connecticut lender orders an appraisal to ensure that the property:
AIs in perfect condition
BHas a market value sufficient to collateralize the loan✓ Correct
CIs free of environmental contamination
DIs in compliance with all zoning regulations
Explanation
Lenders require appraisals to confirm that the property's market value supports the loan amount. If the property appraises below the purchase price, the lender will only lend based on the appraised value.
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