A bank does not know all of the specific information to be disclosed on the lease at the time of the consummation. What
Posted: Tue Mar 08, 2022 10:46 am
A bank does not know all of the specific information to be disclosed on the lease at the time of the consummation. What may the bank do after attempting to obtain the information?
A. Omit the unknown disclosures
B. Estimate the amounts and note that the information is estimated
C. Delay consummation of the transaction until the information is ascertained
D. Estimate the information based on averages of all other leasing transactions the bank has made within the last six months
A. Omit the unknown disclosures
B. Estimate the amounts and note that the information is estimated
C. Delay consummation of the transaction until the information is ascertained
D. Estimate the information based on averages of all other leasing transactions the bank has made within the last six months