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Draft Home Loan and Mortgage Disclosure Bill

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To promote fair lending practices among financial institutions which provide home loans; to require disclosure by financial institutions engaged in the provision of home loans of certain information in their reports and annual financial statements; to establish an OffIce of Disclosure to monitor compliance with the disclosure requirements of this Act; to rate such financial institutions and make such rating public; to amend the definition of housing loan in the UsU~ Act; to empower the Minister to introduce measures, through regulation, to promote the sustainable provision of home loans to under and un-serviced segments of the population; and to provide for matte~ connected herewith.

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