Home Loan and Mortgage Disclosure Act, 2000RegulationsHome Loan and Mortgage Disclosure Regulations, 20072. Disclosure and reporting |
(1)
| (a) | financial institution must collect and capture the information set out in Annexure "A" to these regulations in respect of each application; |
| (b) | subject to subregulation (3); a financial institution must, within 60 days of each financial year end, submit to the Office the information contemplated in paragraph (a) in electronic form; and |
| (c) | a financial institution must, in its annual financial statements and under a separate heading entitled "Disclosure Requirements in terms of the Home Loan and Mortgage Disclosure Act, 2000", disclose the information set out in Annexure "B". |
| (2) | In capturing, or reporting on any amount in rand as required by these regulations, the amount must be rounded off to the nearest thousand rand. |
| (3) | The Office may request a copy of the information referred to in subregulation (1)(b) in hard copy. |