REP 410 Review of ‘low doc’ home lending following the introduction of the responsible lending obligations
Released 23 September 2014.
We reviewed how lenders that provide ‘low doc’ home loans are complying with their responsible lending obligations.
This report presents the findings of our targeted review and identifies a number of examples of how credit licensees can reduce the risk of non-compliance.
This review follows on from the reviews in Report 262 Review of credit assistance providers’ responsible lending conduct, focusing on ‘low doc’ home loans (REP 262) and Report 330 Review of licensed credit assistance providers’ monitoring and supervision of credit representatives (REP 330).