If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the __________.

loan applications received and disposal register

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opinion reports

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loan rejection register

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none of the above

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Solution

The correct option is B loan applications received and disposal register
If the credit facility applied for in a bank is rejected due to any reason, then it is the responsibility of the respective bank to state the reasons briefly on the loan application received by the bank from the account holder and on the disposal register thereafter.

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