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A CLP or PLP guaranteed lender is required to provide FSA with a copy of their annual analysis report of the borrower's farming operation.

a) True
b) False

User John Hann
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1 Answer

1 vote

Final answer:

A guaranteed lender is typically responsible for conducting an annual analysis of a borrower's farming operation. However, the question's information does not definitively confirm the requirement to provide FSA with a copy of this analysis, and official program regulations or guidelines are needed to confirm the statement's accuracy.

Step-by-step explanation:

A guaranteed lender participating in programs like the Farm Service Agency's (FSA) guaranteed loan program is responsible for conducting an annual analysis of a borrower's farming operation. This analysis typically includes reviewing the borrower's financial statements, production records, and other relevant documents that offer insights into the performance and condition of the farming operation. However, the information provided in the question reference does not accurately confirm whether the lender is required to provide FSA with a copy of their annual analysis report of the borrower's farming operation, hence we cannot definitively state that this assertion is true or false without the appropriate program regulations or guidelines.

User Fnune
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