CA-3.2.19A
Past version: Effective from 01 Jan 2015 to 31 Mar 2015
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The RW for residential property may be reduced to 35% subject to meeting all of the criteria below:
(a) The residential property is to be utilised for residential purposes only;
(b) The residential property must be pledged as collateral to the conventional bank licensee ;
(c) There exists a legal infrastructure in the jurisdiction whereby the bank can enforce the repossession and liquidation of the residential property; and
(d) The bank must obtain a satisfactory legal opinion that foreclosure or repossession as mentioned in (c) above is possible without any impediment.
January 2015