ii. Financial institution A received a credit card applicatoin for a covered mortgage away from a candidate and you may sent you to app so you’re able to Standard bank B. Standard bank B examined the application form up until the loan will have finalized, nevertheless software don’t bring about an origination since Economic Establishment B refuted the applying. Financial institution B was not becoming Standard bank A’s broker. Financial institution A doesn’t report the application. If, underneath the same issues, the application form try taken prior to Lender B made a cards decision, Lender B do statement the application form while the taken and you may Financial Facilities A wouldn’t declaration the application form.
iii. Lender A was given a credit card applicatoin to have a secure loan out of a candidate and you can accepted the application just before closure the borrowed funds inside its term. Continue reading