Regulatory Alerts2024-10-16
Added · Updated
Prudential Measures for Property Mortgage Loans
The regulator issued this circular on October 16, 2024, to establish prudential measures for property mortgage lending applicable to all authorized institutions. This document updates the regulatory framework by superseding the 2010 Prudential Measures for Residential Mortgage Loans and aligning with recent refinements to property mortgage lending requirements. It mandates specific credit risk management standards to ensure the soundness of mortgage lending practices within the financial system.