Before a mortgage can be drawn down, what must Regal Mortgage Brokers Ltd submit to Suir Bank under the Consumer Protection Code?

• A. B Signed Declaration That They Have Seen All Original Documentation Supporting the Loan Application
• B. A Copy of Their Mortgage Intermediary Authorisation
• C. C Tax Clearance Certificate
• D. D Signed Declaration That They Have Not Engaged in Conditional Lending

Answer: (A)

Before funds can be drawn, lenders require a verification step under the Consumer Protection Code: the mortgage intermediary must sign a declaration stating that they have seen all the original documents that support the loan application. This ensures the bank can rely on verified information, confirming that identity, income, asset, and other key details have been checked against the originals rather than just copies. It’s a safeguard against misrepresentation and helps protect both the borrower and the lender. The other options aren’t the required submission for drawdown: the bank already has authorisation details, a tax clearance certificate isn’t part of the drawdown verification, and a declaration about conditional lending isn’t the mandated CP Code submission for this stage.