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Options
- A
The investor’s request is enough if the bank agrees
-
The bank must formally request the mutual fund to unmark the lien
Correct answer
- C
The lien lifts automatically on loan repayment
- D
The mutual fund unmarks the lien upon receipt of the repayment statement
Why this is the answer
Only the lender (bank) can initiate unmarking of the lien; the mutual fund cannot act solely on the investor’s request.
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