Which one of the following statements is correct?

Question

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Lines of credit often require a cleanup period, which is a specific time frame (usually annually) during which the borrower must pay off the outstanding balance completely and then reapply for the line of credit. This is done to ensure that the borrower is managing the credit responsibly and not relying too heavily on credit financing. The other statements are incorrect: A) Assignment of receivables involves selling the accounts receivables at a discounted price. C) With maturity factoring, the borrower receives the loan amount when the receivables are collected. D) Commercial paper can be offered by major banks or corporations and is not necessarily offered only to highly-rated corporations. E) Credit card receivables funding can be relatively expensive due to high interest rates and fees associated with credit card companies.

Which One of the Following Statements Is Correct