Commission Disclosure for renewals, MTAs, and additional lending
Following the launch of Close Brothers CDC Requirements for providing commission disclosure and capturing consent for new business; they want to update you on the requirements for commission disclosure for renewals, MTA’s and additional or subsequent lending. Please read the following information from Close Brothers:
The renewal requriementsOur CDC Requirements ensure that all customers taking out a new credit application are informed about the commission arrangements and provide consent to any commission paid to the broker, prior to signing the credit agreement . . .
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