SHANNON -v- PERMANENT CUSTODIANS LIMITED [2020] WASCA 198

Appeal – Loan agreement and mortgage – Whether the loan agreement and mortgage were unjust under s 76 of the National Credit Code – Securitisation program where third party correspondent assess creditworthiness of borrowers – Third party correspondent fabricated financial details in the loan application – Lender has constructive knowledge of fraud – Lender failed to inquire as to borrowers’ capacity to repay loan – Lender did not observe operations manual under securitisation program.

 

138 pages.

2020WASCA0198-converted

 


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