By Which Date Must an Interest Reporting Statement Be Sent

question 409

Multiple Choice

By which date must an interest reporting statement be sent to the borrower's last known address?

• A) January 15 of the year following the year the interest is paid
• B) January 31 of the year following the year the interest is paid
• C) February 28 of the year following the year the interest is paid
• D) March 1 of the year following the year the interest is paid

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Definitions:

William Glasser

An American psychiatrist who developed the theories of Choice Theory and Reality Therapy.

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