Main Question Set 14 Select ALL of the statements regarding environmental comments that are TRUE. Review Later Environmental assessments need to be conducted if commercial real estate is taken to secure a loan. Environmental risks and hazards are already factored into the value of the property, making environmental comments mostly redundant Environmental due diligence should be conducted on companies whose operations create significant externalities around their properties One of the goals of an environmental assessment is to identify how environmental hazards may impact the value of the property as colateral for the loan Main Question Set N Review Later Which of the following is a primary reason for why the ownership structure of a company is important for the credit application? Knowing the ownership structure provides an idea of how many parties are affected if the company defaults on its loan and undergoes bankruptcy proceedings. The bank can go after the personal assets of the owners of the corporation, even if they have not signed a personal guarantee. The bank needs to know who the owners are so it can maintain its relationship with them for future transactions Knowing the ownership structure gives an idea of who the primary decision-makers are and the effectiveness of the decision- making process