Revised unsecured credit rules

MAS will implement revised measures to further mitigate the risks of over-borrowing by individuals. It is a matter of social policy in Singapore that individuals be limited in the amount they can barrow based upon their income and age. Financial institutions are responsible for upholding these limits and conducting extensive credit checks on their customers.

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Stay On Top Of The Debt Relief Industry's Regulatory Landscape

On November 6-7, 2022, Shipkevich PLLC will be hosting a Regulatory Workshop in Costa Mesa, California focusing on the fundamental regulatory issues facing debt relief professionals and how they can adapt.