What is the consequence of not receiving a statement regarding payments?

The correct answer indicates that the borrower remains responsible for making payments regardless of whether they receive a statement regarding those payments. This reflects the principle that financial obligations are contractual in nature, meaning that the absence of a reminder or notification does not negate the borrower's responsibility. Just because a statement is not received does not release the borrower from their obligation to adhere to the terms of the loan or agreement, which typically include making timely payments.

The other options suggest various forms of leniency or exceptions, like not being responsible for payments or avoiding late fees, which are not typically supported by contractual agreements. Payment obligations continue unless explicitly modified or canceled through mutual agreement. Therefore, it is essential for borrowers to understand that their responsibility to make payments persists, regardless of the status of statements or notifications from lenders.