By what date must the bank send the borrower a statement in connection with an information return on foreclosed or abandoned property?
A) January 15 of the year following the year of the foreclosure or abandonment
B) January 31 of the year following the year of the foreclosure or abandonment
C) February 28 of the year following the year of the foreclosure or abandonment
D) March 1 of the year following the year of the foreclosure or abandonment
Correct Answer:
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