CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 32 of 2016 - Reporting standard RRS 392.0 - Housing Finance
Combined loansCombined loans
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Combined loans
A combined housing and personal loan.
Reporting instructions
- If an existing owner-occupied housing loan is combined with an existing personal loan within the same institution, then the housing component is not regarded as new finance or refinancing, and should not be reported as new lending; where the original personal loan is paid out, the new personal loan is recorded in the item "Refinancing" in RRF 394.0
- If an existing owner-occupied housing loan is combined with a new personal loan at the same financial institution, then the housing component is not regarded as new finance or refinancing and should not be reported as new lending. The new personal loan is reported on RRF 394.0 and classified to the appropriate purpose of the loan e.g. "Purchase of: Motor Cars...".
- If an existing owner-occupied housing loan and an existing personal loan(s) are combined and refinanced at a different financial institution, then the housing component is recorded as refinancing on RRF 392.0 and the personal loan is recorded in the item "Debt consolidation" on RRF 394.0
- If a commitment for a new owner-occupied housing loan is combined with other existing personal debts and loans (previous borrowings from the same institution), then the new housing loan is reported on RRF 392.0 in the appropriate classification (construction, new or established), and the personal loan component is recorded in the item "Refinancing" on RRF 394.0.