Regulatory Alerts2022-05-03
Added · Updated
100% Personal Loan Guarantee Scheme
The Hong Kong Monetary Authority confirms that regulatory and reporting treatments for the 100% Personal Loan Guarantee Scheme remain consistent with its April 2021 circular. This guidance applies to loans extended to individual landlords affected by the Temporary Protection Measures for Business Tenants Ordinance, which allows interest-free loans up to $100,000 for those losing rental income. Participating authorized institutions are expected to verify applicant eligibility while adhering to simplified credit assessment requirements and specific capital adequacy reporting rules.
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