Answered

What are an applicant's statements concerning occupation, hobbies, and personal health history regarded as?

A. Warranty
B. Guarantee
C. Representation
D. Collateral



Answer :

GinnyAnswer

Final answer:

Applicant's statements on occupation, hobbies, and personal health history are seen as representations in mortgage loan applications.


Explanation:

The applicant's statements concerning occupation, hobbies, and personal health history are regarded as representations in the context of loan applications

These statements serve as a form of information provided by the applicant to the loan officers, indicating their background and personal details.

Loan officers consider these representations as part of assessing the applicant's suitability for a mortgage.


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