Finance
A Wyoming buyer using gift funds for a down payment must provide the lender with:
AOnly a verbal confirmation from the gift donor
BA gift letter confirming the funds are a gift and not a loan, plus evidence of the transfer✓ Correct
CA notarized affidavit from the gift donor filed with the WREC
DProof that the gift will be repaid after closing
Explanation
Lenders require gift letters documenting that down payment funds are truly gifts (not loans that must be repaid). The letter must state the relationship, amount, and that no repayment is required.
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