Regulatory Alerts2018-12-17
Added · Updated
Circular CSSF 18/703 on Semi-Annual Reporting of Borrower-Related Residential Real Estate Indicators
Lenders in the residential real estate sector must report borrower-related indicators semi-annually for loans secured by Luxembourg real estate, excluding those granted to legal entities. Data collection occurs twice yearly with reference dates of 31 December and 30 June, requiring submission by 15 April and 15 October respectively. The reporting mandates specific calculations for Loan to Value, Loan Service to Income, Debt Service to Income, Loan to Income, and Debt to Income, with detailed rules for defining loan amounts, property values, borrower income, and debt obligations. Starting in 2024, submissions may be made via the eDesk Portal or an API solution using JSON files.
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