Regulatory Alerts2020-11-06
Added
MAS Notice 632B Residential Property Loans
The Monetary Authority of Singapore issued Notice 632B to establish regulatory rules for banks granting residential property loans to individuals and non-individuals. The notice mandates compliance with specific limits on loan amounts, conditions for loans, and the tenure of credit and refinancing facilities. These requirements apply to all banks in Singapore to ensure stability in the residential property market.
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