The objective of these Regulations is to set minimum acceptable standards for granting mortgage loans with a view to:

i. protecting the financial sector;
ii. fostering consumer protection; and
iii. enhancing financial stability.

These Regulations are issued pursuant to the powers vested in the Central Bank under Articles (5), (18), (94) and (96) of Union Law No (10) of 1980 concerning the Central Bank, the Monetary System and Organization of Banking.