RBI invites comments on the draft circular on ‘Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans’

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....BI invites comments on the draft circular on ‘Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans’<BR>News and Press Release<BR>Dated:- 22-2-2025<BR><BR>In ....

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....pursuance of the announcement made in the&nbsp;Statement on Developmental and Regulatory Policies dated October 09, 2024&nbsp;regarding the review of extant regulatory guidelines on levy of foreclosur....

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....e charges/ pre-payment penalties on loans, Reserve Bank has released today the&nbsp;draft circular&nbsp;in this regard. Comments/feedback by the stakeholders and members of public on the draft circul....

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....ar may be submitted by&nbsp;March 21, 2025&nbsp;through&nbsp;e-mail. Final circular shall be issued after considering the stakeholder/ public comments. (Puneet Pancholy)&nbsp;&nbsp; Chief General Ma....

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....nager<BR> News - Press release - PIB....