Regulatory Alerts2022-02-27
Reserve Bank of New Zealand LVR New Commitments Survey Procedures and Definitions
The Reserve Bank of New Zealand issues these procedures and definitions to standardize the reporting of new residential mortgage loan commitments under the Loan to Valuation Ratio framework. The document provides precise definitions for key terms such as commitments, investors, and owner occupiers, while detailing eight specific exemptions from LVR restrictions. It further instructs banks on how to classify and report data across compliance and commitment use sections, including handling of multipurpose loans and construction financing.
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