Related provisions for MCOB 2A.3.4
1 - 3 of 3 items.
Where:(1) an MCD regulated mortgage contract is denominated in pound sterling1 ("currency A"); and(2) the consumer receives income or holds assets in currency A but also receives income or holds assets in another currency ("currency B");the MCD regulated mortgage contract will not be a foreign currency loan unless the credit is to be repaid wholly or in part from the income received or assets held in currency B.