Regulatory Alerts2011-06-17
Added · Updated
Reverse Mortgage Programme
The regulator issued this circular on June 17, 2011, to establish detailed guidance and return reporting requirements for the Reverse Mortgage Programme. It applies to all Authorized Institutions and addresses capital adequacy for credit risk in non-securitization exposures alongside property mortgage lending management. The document mandates specific compliance measures through its annexes to ensure prudent risk management in reverse mortgage activities.
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