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7
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7.Independent Credit Appraisals by an Inquirer
An inquirer engaging in credit investigation and credit extension shall keep its appraisals objective and independent without being bound by data obtained from the manager. Credit data obtained is only for the inquirer’s reference to the extent necessary for the purposes of credit extension businesses and compliance with financial and securities laws and regulations and may not serve as the sole basis for the approval or rejection of financial and securities transactions.
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