RESPONSIBLE LENDING – MAKING CERTAIN YOU REALLY CAN AFFORD THE MORTGAGE

RESPONSIBLE LENDING – MAKING CERTAIN YOU REALLY CAN AFFORD THE MORTGAGE

Brand brand New lending that is responsible arrived into force for several customer loans. Under these rules loan providers need certainly to simply take steps that are certain make certain that:

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  • customers get loans which can be suited to their purposes and
  • customers are able to repay their loans without significant difficulty.

Extra accountable financing legislation apply to SACCs in particular. These guidelines say that:

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