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.
Notices
Last Revised Date: 06 November 2020
Rules for insurers when granting residential property loans to individuals and non-individuals.
Property Loans
Issued pursuant to:
Insurance Act (Cap. 142) section 64(2)
Applies to:
Direct Insurer (Life)
,
Direct Insurer (General)
,
Direct Insurer (Composite)
View Notice
Notice 115B Residential Property Loans
(101.2 KB)
This notice applies to all insurers in Singapore. It sets out the rules for insurers to comply with when granting residential property loans, including limits on loan amount, conditions for loans, and tenure of credit and refinancing facilities. See explainers:
Rules for New Housing Loans
Mortgage Equity Withdrawal Loan Rules
Refinancing Housing Loans
09 November 2020 MAS Notice 115B (Amendment No. 3) 2020 (107.7 KB) takes effect.
06 May 2020 MAS Notice 115B (Amendment No. 2) 2020 (262.8 KB) takes effect.
06 Apr 2020 MAS Notice 115B (Amendment) 2020
(261.3 KB) takes effect.
18 Feb 2020 MAS Notice 115B dated 17 Feb 2020 takes effect.