Finance
A Kansas buyer with a gift from a family member for the down payment must provide their lender with a:
APersonal guarantee from the gift donor
BGift letter stating the funds are a gift with no repayment required, and possibly documentation of the transfer✓ Correct
CNotarized deed of gift for the funds
DFamily trust documentation
Explanation
Lenders require a gift letter confirming the funds are a gift (not a loan), the donor's relationship to the borrower, and often documentation showing the transfer of funds.
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