First Tax Year

For the first tax year of a REMIC’s existence, the REMIC must furnish the following in a separate statement attached to the REMIC’s initial return.

• Information concerning the terms of the regular interests and the designated residual interest of the REMIC, or a copy of the offering circular or prospectus containing such information.

• A description of the prepayment and reinvestment assumptions made in accordance with section 1272(a)(6) and its regulations, including documentation supporting the selection of the prepayment assumption.