To comply with affirmative covenants,
A)a borrower must not discriminate less risky projects from more risky ones
B)a lender must not discriminate borrowers based on race
C)a borrower is required to furnish the lender with periodic financial statements
D)a lender must charge all borrowers the same interest rate
E)all of the above

Question

Quizplus · Accepted Answer

Affirmative covenants are requirements that a borrower must fulfill to maintain the terms of a loan. One common affirmative covenant is the requirement for a borrower to provide the lender with periodic financial statements. This allows the lender to monitor the borrower's financial health and assess their ability to repay the loan. Choices A and B are not related to affirmative covenants, and choice D is not necessarily true as lenders may offer different interest rates based on factors such as creditworthiness.

To Comply with Affirmative Covenants