Final answer:
A producer must furnish important preparatory information to an applicant, including job training requirements, dress code, and access protocols. In financial markets, banks require income information, credit checks, and may need a cosigner or collateral for loans.
Step-by-step explanation:
The producer must furnish the applicant with various pieces of information prior to accepting a signed application. In a job scenario, this can include things such as training required prior to your first day, the company dress code, safety equipment required, paperwork that needs completion, staff parking passes, security protocols, and how to access the worksite.
In the context of a financial capital market, a bank requires a prospective borrower to provide information about sources of income and undergo a credit check before making a loan. The bank may also require a cosigner or collateral, such as property or equipment, to secure the loan.: