Under what circumstances can a licensee require a borrower to sign a blank document?

The correct answer is based on specific practices regarding documentation in a lending scenario. A licensee can require a borrower to sign a blank document specifically for verification of employment forms, where the details regarding the employer can be filled in later. This practice is typically limited to situations where the borrower may need to authorize their employer to provide certain information regarding their employment status or income.

This arrangement helps streamline the process, as it allows the employer to fill in the necessary verification details without requiring the borrower to be present or to have all the information ready at the time of signing. Such practices are held under scrutiny to ensure that they are used responsibly and ethically, hence not widely accepted for other types of documents or general signing situations.

The other options present scenarios that don't align with standard practices. Emergency funding needs and prior relationships do not justify requiring a borrower to sign a blank document, as this could lead to significant risks or misuse. Additionally, allowing such practices in all cases with guidance would not adhere to the safeguards necessary for protecting both the borrower and the lender in financial transactions.