that would have to be clear in the loan application
if it isn't -- and a loan is 'approved' -- the bank has agreed to give a loan - it has approved it -------- I would think that is a contract to provide a loan --------
contracts can be any agreement written or oral - often with very few details
If you jump into a cab and say ---------- Flinders Street Station please -- and the cabbie heads off -
you have both agreed to a contract - him to take you there and you to pay the fare.
that's it.
If a bank 'representative' tells you something - then, the bank tells you something -
otherwise - there would be a big sign - saying that you are to take no notice of what any bank employee says -
in fact - the taxation department has that on their website --------- saying that anything we tell you - we can change our minds on - you cannot rely on the information that we give you.
how's that for trust
so - if the bank wants to pull the pin at the last minute - they have to have on their application - approval means that we approve the loan - unless we change our minds. - simple.
