Regulatory Alerts1996-09-12
Added · Updated
The use of personal loans to compete for residential mortgage business
The Hong Kong Monetary Authority issued Guideline 5.9.2 on September 12, 1996, to regulate credit risk management in property mortgage lending for all authorized institutions. The document addresses the practice of using personal loans to compete for residential mortgage business, establishing requirements to ensure prudent lending standards. This guideline has since been superseded by subsequent circulars refining property mortgage lending requirements.
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