I recently applied for credit with a loan provider. I was accepted for the requested amount and was provided a loan agreement to electronically sign, complete with terms and all the necessary information. I signed it and it was signed on behalf of the provider, which was emailed to me as a PDF.
Now, the provider is requesting bank statements and ID verification, and have cancelled the original loan from my account.
Is the loan provider legally obliged to continue with the agreement they originally signed or are they even capable of backing out?
Thanks in advance,
Michael.