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Financial institutions to provide prescribed fact sheet when marketing residential property loans from 1 March 2012

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • January 10 2012

With effect from 1 March 2012, banks, finance companies, merchant banks and direct insurers (collectively the "FIs") will be required to provide a fact sheet in the standardised formal (the "Fact Sheet") when marketing residential property loans to individual borrowers

MAS consults on proposed residential property loans fact sheet

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • July 28 2011

The Monetary Authority of Singapore (the "MAS") is proposing to require banks, finance companies, merchant banks, and direct insurers (collectively "Fls") to provide a fact sheet in a standardised format (the "Fact Sheet") when marketing residential property loans to consumers

MAS revises MAS Notice 632 and responds to the feedback on consultation paper on rules on residential property loans: mortgage equity withdrawl loans and aggregation of loans from moneylenders

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • July 28 2011

From 13 January 2011 to 14 February 2011, the Monetary Authority of Singapore (the "MAS") sought comments on the proposals in its consultation paper entitled "Rules on Residential Property Loans" (the "Consultation Paper"

MAS conducts public consultation on “rules on residential property loans”: mortgage equity withdrawal loans to comply with loan-to-value limits and aggregation of loans from moneylenders

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • January 26 2011

From 13 January 2011 to 14 February 2011, the Monetary Authority of Singapore (the "MAS") is seeking comments on the proposals in its consultation paper entitled "Rules on Residential Property Loans"