If the lender is subject to the mortgage interest reporting requirement, which of the following actions is NOT required?
A) The lender must file an information return with the IRS.
B) The lender must report the amount of interest and points on the information return.
C) The lender must report the loan balance as of December 31 of the year preceding the year the report is filed.
D) The lender must send a statement to the borrower.
Correct Answer:
Verified
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