Task 8: Steps Taken by the Credit Provider BByildnd As indicated, the process of intenriewing a client, carrying out a preliminary 313:3; assessment, and forwarding a credit application to a credit provider should take networks and no longer than two days. The credit provider's task, however, is more involved relationships and takes longer because there are more matters to consider than the final assessment, which is normally carried out soon after the credit application has been received from the mortgage broker. These matters include having the security valued and negotiating any additional support, checking all details, preparing an offer letter, preparing security documentation, having the loan documentation signed, attending settlement, registering the mortgage and having the mortgage documents stamped. The offer letter is in fact the loan contract the mortgage broker becomes involved once again to check that the requirements of the loan purpose are met and to ensure that the client understands all terms and conditions. Task 8.1. The final assessment of the credit application is carried out by an officer of the credit provider, or at a higher level if that officer's authority is exceeded. What is that officer's responsibility in terms of the NCCP Act. _. k f2