Finance
A Minnesota homebuyer's loan is approved 'subject to' conditions. Which condition would NOT typically be required by a lender?
AProof of homeowner's insurance before closing
BUpdated pay stubs showing current employment
CA sworn affidavit that the buyer likes the neighborhood✓ Correct
DEvidence that a prior lien has been cleared
Explanation
Lenders require conditions that relate to verifiable financial, property, and title matters. Proof of insurance, current income documentation, and lien clearances are all legitimate and common loan conditions in Minnesota. A sworn affidavit about the buyer's subjective feelings about the neighborhood is not a legitimate lender requirement and would never be a loan condition.
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