Regulatory Alerts2015-10-29 | Finance Leasing Act Direction No. 2 of 2015Loan to Value Ratio for Loans and Advances in respect of Motor Vehicles
The Central Bank of Sri Lanka issued Finance Leasing Direction No. 02 of 2015 under the Finance Leasing Act to regulate loan-to-value ratios for motor vehicle financing. This directive mandates that the previously issued Finance Leasing Direction No. 01 of 2015 regarding this subject shall come into force effective 1 December 2015. The regulation is issued by the Director of the Department of Supervision of Non-Bank Financial Institutions to ensure compliance with statutory requirements.
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