A draw request on a construction loan typically requires all the following EXCEPT:

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A draw request on a construction loan is a process through which a borrower requests funds from the lender as the construction project progresses. This typically includes various documentation to ensure that the work completed is in line with the loan agreement and that the funds are necessary for ongoing work.

The correct answer highlights that expenses from similar contracts are not generally a requirement for a draw request. Instead, the focus is on documentation that directly pertains to the current project, such as inspection reports that validate completed work, change orders that reflect any deviations from the original plan, and lien releases from subcontractors, which help ensure that there are no outstanding claims on the property for unpaid work.

Each of these documents serves to protect the lender's investment and confirm that the funds requested are being used appropriately for the specific construction project at hand. In contrast, expenses from similar contracts do not provide relevant or necessary information about the specific project under consideration and, therefore, are not required as part of the draw request process.

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