Main Question Set 4 Which of the following statements is TRUE about reviewing a borrower's history and background? Review Later 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 For existing borrowers, the most important part of the annual review process is to review changes that have occurred since the last review. Extending a loan to a newer company is safer than an older company because the lender can place stricter covenants