Regulatory Alerts2022-05-17
Reserve Bank of New Zealand LVR Survey Procedures and Definitions
The Reserve Bank of New Zealand issues these procedures to define residential mortgage loan categories and reporting standards for the Loan to Valuation Ratio survey. Financial institutions must report on-balance sheet and off-balance sheet lending positions by LVR band, detailing drawdowns, repayments, and adjustments for specific loan types like revolving credit and interest-only facilities. The document provides precise calculation methods for LVRs, including construction loans, and illustrates reconciliation through quarterly reporting examples.
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