Which of the following is a condition for structuring a member's loan as 1099?

Structuring a member's loan as 1099 typically involves considerations related to the member's employment status and income type. The correct condition focuses on the nature of the member's employment, indicating that working for only one contracting employer is relevant. When a member earns income from a single contracting employer, it provides a clear, consistent source of income that lenders can evaluate. This stability is often favorable in underwriting and determining creditworthiness for loans.

In contrast, other options do not directly relate to the structuring of a member’s loan as 1099. For example, having a permanent job or providing recent tax documents may be useful in assessing overall financial health but aren't specific criteria for structuring the loan in a manner that qualifies it under 1099 rules. Similarly, applying for multiple credits does not inherently affect how a loan is structured but rather pertains to the member's credit-seeking behavior. Each criterion has its place in the loan application process, but the condition related to working for one employer directly pertains to the financial documentation and income stability required for such a loan structure.