Caribbean Netherlands: AFM publishes guideline for mortgage advice in the Caribbean Netherlands
The Netherlands Authority for the Financial Markets (AFM) today publishes the Guidance on Mortgage Advice for the Caribbean Netherlands. Through this guidance, the AFM supports mortgage advisers in providing suitable advice to consumers seeking to enter into a mortgage loan.
Why this matters
This is a guidance publication (not binding law) from the AFM addressing mortgage advice quality in a specific jurisdiction. It clarifies how advisers should comply with existing statutory standards and covers substantive topics (affordability, life events, refinancing, interest rate and climate risks).
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Bank