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  • CM-5.5 CM-5.5 Refunds and Prepayments

    • Refund/Adjustment of Insurance Premium on Financing Prepayments and Top-Ups

      • CM-5.5.1

        Conventional bank licensees must refund/adjust proportionately the insurance premium charged on individual credit facilities when the customer either requests for a top up or prepayment of the credit facility as per the prescribed formula below:

        Added: June 2022