Regulatory Alerts2020-02-17
Added · Updated
Notice 831A Computation of Total Debt Servicing Ratio for Property Loans
This Notice exempts certain property loans and refinancing facilities from paragraphs 3, 6, and 21B of MAS Notice 831 for finance companies, allowing deferred loan repayments without affecting the Total Debt Servicing Ratio. For the period from 18 February 2020 to 8 November 2020, exemptions apply if the deferment period does not exceed 12 months and the property purchase agreement was dated before 6 April 2020. From 9 November 2020 until the End Date, the maximum deferment period extends to 36 months, with specific conditions regarding interest charges and refinancing facilities.
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