Regulatory Alerts2022-12-14
Added
MAS Notice 825A Residential Property Loans Fact Sheet
The Monetary Authority of Singapore requires all finance companies to provide and explain a fact sheet to borrowers before granting residential property loans. This notice mandates that the fact sheet must include key information such as the loan tenure, amount, and repayment schedule. It further outlines the specific delivery methods and explanation requirements for communicating this information to borrowers through various channels.