Loan Repayment Reserve for Interest Only Debt (Major Policy) 2015

The aim of the Loan Repayment Reserve for Interest Only Debt (Major Policy) 2015 is to ensure that a cash backed loan repayment reserve is established for the purposes of setting aside sufficient financial allocations to repay the principal on ‘interest only’ loans at the date of maturity.

The policy contains

  • Aim and objectives
  • Definition of terms used
  • Statement and principles
  • Specific requirements