hard · Certified Financial Planner Estate Planning
A CFP® professional is prohibited from borrowing money from a client unless which of the following is true?
- The professional provides the client with a written promissory note and pays a market rate of interest.
- The professional obtains informed consent and manages the conflict in the engagement letter.
- The loan amount is less than 10% of the professional's net worth.
- The client is a member of the professional's family or is an entity in the business of lending money.
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