A prospective borrower completes their mandatory HECM counseling on March 15th. They wait to consider their options and do not sign a formal loan application with a lender until September 20th of the same year. What is the status of their counseling certificate on the date of application?
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A
It is valid, as the certificate is good for one year from the date of the session.
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B
It has expired, and the borrower must complete a new counseling session.
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C
It can be extended by the original counseling agency for an additional 90 days.
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D
It is valid, provided the FHA case number is ordered within 10 days of its expiration.