Posted by Ed Copp (OH) on December 02, 2000 at 14:20:05:
It is about the same in both countries, since the laws in both countries are pretty much based on old English common law.
When you are in the process of attempting to get the lender to believe something that is not true (that you have given payment to the seller when you did not), you are attempting to defraud the lender. This is a “no,no” in both countries (and is sometimes done successfully anyway).
If everybody told the truth then the banks would not have to check anything at all. This is not going to happen any time soon. So don’t get into the position where the bank thinks that you are attempting to defraud them.