Question: This is ensuring the borrower has the ability to repay the loan by making reasonable enquiries into the clients financial situation. Then taking reasonable steps

This is ensuring the borrower has the ability to repay the loan by making reasonable enquiries into the clients financial situation. Then taking reasonable steps to verify the clients financial situation and make a preliminary assessment about whether the proposed lending is not unsuitable for the clients. Not following this is a punishable offence and will cause bad publicity and reputation

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