Certified Regulatory Compliance Manager (CRCM) — Question 288

Information reports must include which of the following details?

Answer options

• A. Name, address, and TIN of the borrower
• B. Purpose of the loan
• C. Address of the property securing the mortgage
• D. Fair market value of the property at the time of the loan

Correct answer: A

Explanation

Option A is correct because information reports must include essential details about the borrower, such as their name, address, and TIN. Options B, C, and D, while relevant to the loan process, do not qualify as mandatory components of information reports.