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COURSE:ADVANCED DIPLOMA IN BANKING, FINANCE AND CREDITMODULE:Credit and Consumer LendingMODULE CODE:CCL 1000TUTOR/MARKER:B. FikunawaMODERATOR:Ms HanduraASSIGNMENT 04/2020INSTRUCTIONS: ANSWER ALL QUESTIONS.

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What is credit and consumer lending?

Credit and consumer lending involve providing funds to individuals or businesses with the expectation that it will be paid back with interest.

Who is required to file credit and consumer lending?

Financial institutions such as banks, credit unions, and lenders are required to file credit and consumer lending.

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Credit and consumer lending forms can be filled out electronically or manually and must include details about the borrower, loan amount, terms, and repayment schedule.

What is the purpose of credit and consumer lending?

The purpose of credit and consumer lending is to provide individuals and businesses with access to funds for purchasing goods and services, investing, or covering expenses.

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Information such as the borrower's identity, loan amount, interest rate, repayment terms, and any collateral must be reported on credit and consumer lending.

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