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Effective from Oct 23 2022 - Oct 22 2022 To view other versions open the versions tab on the right
1.
The Company shall ensure that the real estate financier adopts sound methods as well as clear and transparent written criteria and procedures for assessment of creditworthiness of finance applicants and their ability to repay in accordance with the best practices followed in this regard.
2.
The Company shall have the right to prevent or restrict purchase of loans from any real estate financier in case such financer does not adopt clear, transparent and documented scientific methods, criteria and procedures to assess the creditworthiness of borrowers.
