Bonnie applies for a loan at her local bank. The loan officer reviews Bonnies credit report, income, and the collateral as part of the underwriting process, and does not require any further analysis. What type of loan did Bonnie apply for?

A. Commercial or Industrial B. Real Estate C. Consumer D. Agricultural E. Bond

Jake applies for a loan at his local bank. The loan officer reviews Jakes credit report, income, an appraisal of the collateral, and reserves (additional funds available). She analyzes the request to determine if it conforms to third party underwriting parameters, and will also determine fixed or variable interest rate options for Jake. What type of loan did Jake apply for?

A. Commercial or Industrial B. Real Estate C. Consumer D. Agricultural E. Bond

What types of risks are inherent in a loan commitment?

A. Credit Risk B. Interest Rate Risk C. Liquidity Risk D. Takedown Risk E. All of the above