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A register check verifies identity rather than suitability
Authorization records can help establish who is permitted to carry on an activity.
They do not assess the circumstances of a borrower considering a particular agreement.
Use matching legal details and check the activity covered locally. Keep legitimacy, product terms and personal suitability as related but distinct decisions.
Work through the repayment planning guide
Definitions
- Total repayable
- Sum payable under the stated schedule and its assumptions; contingent charges and changes must be considered separately.
- Amount received
- Money actually made available to the borrower, which can differ from the stated loan amount if a charge is deducted.