ADVOKS GLOBAL · KENYA
The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019
22. Shareholder rules
Edition: 2022-12-31 · In force
22. Shareholder rules
(1)The shareholders of a mortgage refinance company shall set binding rules relating to—(a)terms and conditions under which eligible mortgages may be refinanced;(b)eligibility of mortgages for refinancing;(c)fair and equitable access by all shareholders to services of a mortgage refinance company; and(d)the exceptional circumstances under which a certain category of primary mortgage lenders may access fully secured long term financing from a mortgage refinance company.(2)In financing or refinancing a mortgage, a mortgage refinance company shall act equitably, fairly and consider the interests of all its shareholders.