Regulatory Alerts2020-11-06
Added
MAS Notice 115B Residential Property Loans
The Monetary Authority of Singapore issued Notice 115B to establish regulatory rules for insurers 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. These requirements apply to all direct insurers in Singapore, including life, general, and composite insurers.
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