Contracts
Under the Utah REPC, the Financing Condition protects the buyer if:
AThe buyer changes their mind about the loan program
BThe buyer cannot obtain financing on the agreed terms despite good-faith efforts✓ Correct
CInterest rates rise above what the buyer initially expected
DThe buyer's preferred lender goes out of business
Explanation
The Financing Condition allows the buyer to cancel and recover earnest money if they cannot, despite good-faith efforts, obtain financing on the terms specified in the contract.
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