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ii. Financial institution A got a loan application getting a shielded financing out-of an applicant and you can forwarded one to application to Lender B. Financial institution B analyzed the applying up until the mortgage could have signed, although software did not end up in an enthusiastic origination since the Monetary Organization B declined the application form. Lender B was not becoming Lender A’s representative. Financial institution A will not declaration the applying. If, underneath the same factors, the application form try withdrawn ahead of Standard bank B produced a cards decision, Financial institution B would statement the applying as taken and Financial Business A decided not to declaration the application form.

iii. Standard bank A was given a credit card applicatoin to own a protected financing out of an applicant and you will accepted the program prior to closing the loan in their term. Lender An ended up being maybe not acting as Financial institution B’s agent. Standard bank B purchased the new secured mortgage regarding Lender An effective. Standard bank B don’t review the application form ahead of closure. Standard bank A reports the mortgage because an origination. Financial institution B accounts the loan since the a purchase.

iv. In the event the accepted, the borrowed funds will have closed-in Lender B’s label. Financial institution A refused the application form in place of sending it so you’re able to Economic Facilities B having approval. Standard bank An ended up being maybe not becoming Standard bank B’s agent. Since Financial institution A paid the credit decision until the loan will have signed, Financial institution An information the applying. Financial institution B will not report the application.

Lender A premium a card decision, becoming Standard bank D’s representative, and you can acknowledged the program

v.