Vow Academy - Vow Academy: Obligations in Relation to Refinancing and Documenting Requirements and Objectives Sponsored by Barnes Home Loans (27 March 2013)
Under the NCCP Act brokers have an obligation to make enquiries in relation to requirements and objectives. This is an area which causes some confusion for brokers and therefore we'll discuss it in detail and consider some examples. Additionally we will look at the obligations in relation to refinancing. ASIC expects brokers to apply a higher level of enquiry and assessment to refinances than to new loans. It is important to understand what is required.