Before issuing a Reliance Letter, which of the following should a Member do?
1) Confirm that the original client is aware of the request by the third party.
2) Decide if the lender's reason for turning down the mortgage request makes sense.
3) Refuse to issue a Reliance Letter and instead, issue a new report so they will not need the original client's permission.
4) Change the date and client name and send the new lender the report; the Member does not need to ask the first lender for anything.