In Statements, what information is included?

• A. All information for securing loan
• B. All information for securing loan, client signatures
• C. Client signatures captured
• D. Tax forms filed

Answer: (B)

The information included should cover everything needed to secure the loan along with the client's signatures. A Statement is meant to present all the loan details—terms, amount, disclosures, and any conditions—so both parties understand and agree to the terms. At the same time, capturing the client’s signatures provides formal authorization and consent, making the document legally binding and ready for processing. Without the signatures, there’s no enforceable approval, and without the loan details, there’s nothing concrete to approve. Tax forms filed aren’t part of this process, so they don’t belong in the Statement.