Regulations amending Finansinspektionen’s regulations regarding amortisation of loans collateralised by residential property

Finansinspektionen’s Regulatory Code
Publisher: Chief Legal Counsel Eric Leijonram, Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations (FFFS 2016:16) regarding amortisation of loans collateralised by residential property; decided 20 February 2024. Finansinspektionen prescribes pursuant to Chapter 5, section 2, point 5 of the Banking and Financing Business Ordinance (2004:329) and section 12, point 5 of the Mortgage Business Ordinance (2016:1033) that section 10 of Finansinspektionen's regulations (FFFS 2016:16) regarding amortisation of loans collateralised by residential property shall have the following wording.
Section 10 An undertaking shall inform the borrower in writing about the
information that served as a basis for the calculation of the amortisation requirement. The undertaking shall be able to receive a request from the borrower regarding such information and provide the information to the borrower – electronically, and – in another suitable manner. The information shall be provided promptly. _______________ These regulations shall enter into force on 1 September 2024. DANIEL BARR Manne Heimer FFFS 2024:1 Published on 26 February 2024