Under Regulation U, Prior to Extending Credit Secured by Margin

Under Regulation U, prior to extending credit secured by margin stock for more than $100,000, a national bank must obtain which of the following?

A) Certificate of value for the collateral
B) Written statement from the borrower as to the purpose of the loan
C) Written statement certifying the borrower's business address and daytime phone number
D) Notice from the borrower as to his willingness to provide additional margin stock as collateral

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