4 Which of the following statements is TRUE about reviewing a borrower's history and background? Review Later For existing borrowers, the most important part of the annual review process is to review changes that have occurred since the last review. A borrower's history with the financial institution should not be used for annual reviews as it may skew the credit evaluation with non-current information. You should review what an existing borrower's company offers every year to ensure they have not changed their primary market or value proposition. Extending a loan to a newer company is safer than an older company because the lender can place stricter covenants