Final answer:
A Disclosure Statement must be re-disclosed in certain situations, such as when there are changes to the terms of the agreement or when additional information is required to be provided to the recipient.
Step-by-step explanation:
A Disclosure Statement must be re-disclosed in certain situations, such as when there are changes to the terms of the agreement or when additional information is required to be provided to the recipient. Re-disclosure ensures that the recipient has the most up-to-date and accurate information regarding the transaction or agreement.
For example, if there is a change in interest rates or fees associated with a loan, the lender may need to re-disclose the terms to the borrower. Additionally, if there are any material changes to the information provided initially, re-disclosure may be necessary.
Re-disclosure helps ensure transparency and allows the recipient to make informed decisions based on the current and complete information.