Regulatory Alerts2022-09-06
Reserve Bank of New Zealand LVR New Commitments Reporting Guide
The Reserve Bank of New Zealand issues this guide to define procedures and definitions for reporting new residential mortgage loan commitments under the Loan to Valuation Ratio framework. It establishes precise criteria for classifying borrowers, exemptions from LVR restrictions, and specific reporting requirements for Auckland versus non-Auckland properties. Banks must use these standards to accurately complete compliance and commitment use surveys, ensuring consistent data on loan values, drawdowns, and borrower purposes.
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