The policy document on Disposal and Purchase of Impaired Loans/Financing sets out the requirements and guidance with respect to the disposal and purchase of impaired loans/financing by banking and non-banking institutions. The policy document aims to provide a larger pool of buyers for impaired loans/financing market, strengthen conduct requirements to provide appropriate protection to borrowers whose loans/financing are sold to non-bank buyers and promote greater efficiency in disposal/purchase of impaired loans/financing.

Issuance Date
25 June 2024

Effective Date
25 June 2024

Issuing Department
Consumer and Market Conduct Department

Documents

• Policy Document on Disposal and Purchase of Impaired Loans/Financing
• Frequently Asked Questions
• Exposure Draft on Disposal and Purchase of Impaired Loans/ Financing Feedback Statement