What is guarantor release and under what conditions might it occur?

• A. Releasing the guarantor from further liability after the loan-to-value ratio or repayment milestones are met and LVR criteria satisfied.
• B. The guarantor can be released only if the borrower fully repays without any analysis.
• C. Guarantor release occurs automatically after the first year.
• D. Guarantor release requires the borrower to switch to an unsecured loan.

Answer: (A)