RegAlert

Rule · MAS · 14 Dec 2022

MAS Notice 1106A Residential Property Loans Fact Sheet

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The Monetary Authority of Singapore mandates that all merchant banks provide and explain a fact sheet to borrowers before granting residential property loans. This notice specifies the key information required in the fact sheet, including loan tenure, amount, and repayment schedule, along with guidelines for its delivery and explanation. The document outlines the regulatory requirements for transparency in residential property lending and references associated frequently asked questions for further guidance.

SingaporeMonetary Authority of Singapore

Notices

Last Revised Date: 14 December 2022

Information merchant banks must include in the required fact sheet to borrowers before granting a residential property loan.

Property Loans

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to:

Merchant Bank (Locally Incorporated)

,

Merchant Bank (Branch)

View Notice

Notice 1106A Residential Property Loans – Fact Sheet

(332.6 KB)

This notice applies to all merchant banks in Singapore. Merchant banks are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule.

This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through different channels.

For further guidance on the revised MAS Notice 1106A, please refer to Frequently Asked Questions (3 April 2023) (153.2 KB) .

15 Dec 2022

MAS Notice 1106A (Amendment) 2022 dated 14 December 2022 (995.5 KB) takes effect.

01 Jul 2021

MAS Notice 1106A dated 28 June 2021 (981.9 KB) takes effect. MAS Notice 1106A dated 12 December 2017 (189 KB) is cancelled.

01 Jan 2018
MAS Notice 1106A dated 12 December 2017 takes effect. MAS Notice 1106A dated 19 January 2016 (last revised on 29 September 2016) is cancelled.

01 Nov 2016

MAS Notice 1106A (Amendment) 2016 (212.8 KB) dated 29 September 2016 takes effect.

01 Apr 2016

MAS Notice 1106A dated 19 January 2016 (356 KB) takes effect. MAS Notice 1106A dated 30 November 2011 (625 KB) is cancelled.

01 Mar 2012

MAS Notice 1106A dated 30 November 2011 (625 KB) takes effect.

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Annotations and obligations
2 obligations · 18 definitions
  • Obligation 2
  • Definition / condition 18
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

MAS Notice 1106ANot in RegAlert · 2016MAS Notice 1106A — Not in RegAlert · 2016MAS Notice 1106A dated 12 December2017Not in RegAlertMAS Notice 1106A dated 12 December 2017 — Not in RegAlertMAS Notice 1106A dated 30 November2011Not in RegAlertMAS Notice 1106A dated 30 November 2011 — Not in RegAlertMAS Notice 1106A ResidentialProperty Loans Fact Sheet2022-12-14 · this documentMAS Notice 1106A Residential Property Loans Fact Sheet (2022-12-14)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Supersedes
  • MAS Notice 1106ANot in RegAlert · 2016

    “MAS Notice 1106A (Amendment) 2016 dated 29 September 2016 takes effect.”

  • MAS Notice 1106A dated 12 December 2017Not in RegAlert

    “MAS Notice 1106A dated 12 December 2017 is cancelled.”

  • MAS Notice 1106A dated 30 November 2011Not in RegAlert

    “MAS Notice 1106A dated 30 November 2011 is cancelled.”

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