Because the Financial institution B produced the financing decision, Lender B profile the applying due to the fact a denial
ii. Financial institution A got an application for a secure mortgage out-of a candidate and forwarded one to app so you’re able to Standard bank B. Lender B reviewed the program before financing might have finalized, however the app did not produce an origination due to the fact Financial Place B declined the application. Lender B wasn’t acting as Lender A’s agent. Standard bank A does not report the application form. If, beneath the exact same situations, the program is withdrawn in advance of Lender B generated a credit decision, Lender B perform declaration the application because taken and you will Financial Establishment A decided not to declaration the application.
iii. Financial institution A was given a software having a secure loan out-of an applicant and you may accepted the loan places Hollins application form just before closure the borrowed funds into the the identity.
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