Which of the following accurately describes CIRs (Credit Interpretation Requests)?

CIRs are intended for technical clarification:

“Project teams may send a credit interpretation request at a cost of $220... Credit interpretation rulings are the reviewers’ responses to these requests... If a project team encounters unclear issues, they should send a credit interpretation request.”

They must be submitted through GBCI and are reviewed by third-party reviewers—not by project members themselves.