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    2014-04-08

MCOB 11.1 Application

Who?

MCOB 11.1.1R

This chapter applies to a firm in a category listed in column (1) of the table in MCOB 11.1.2 R in accordance with column (2) of that table.

MCOB 11.1.2R

Table This table belongs to MCOB 11.1.1 R

(1) Category of firm

(2) Applicable section

mortgage lender

whole chapter

1home purchase provider

MCOB 11.1, MCOB 11.2, MCOB 11.3.1 R (1) and MCOB 11.3.2 R

What?

MCOB 11.1.3R

This chapter applies if a firm:

  1. (1)

    enters into a regulated mortgage contract or home purchase plan1 with a customer; or

  2. (2)

    makes a further advance or varies an existing regulated mortgage contract or home purchase plan1 to make a further advance to a customer.