Regulatory Alerts2021-06-28
Added
MAS Notice 1106B Residential Property Loans
The Monetary Authority of Singapore issued Notice 1106B to establish regulatory rules for merchant banks granting residential property loans to individuals and non-individuals. The notice mandates compliance with specific limits on loan amounts, conditions for loans, and tenure of credit and refinancing facilities. This regulation applies to all merchant banks in Singapore and supersedes previous versions of the notice effective from 1 July 2021.
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