Regulatory Alerts2022-12-14
Added
MAS Notice 1106A Residential Property Loans Fact Sheet
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.