Minimum Retention Requirement (MRR) The MRR is primarily designed to ensure that the originators have a continuing stake in the performance of securitised assets so as to ensure that they carry out proper due diligence of loans to be securitised. The originators should adhere to the MRR as detailed below while securitising loans leading to issuance of securitisation notes other than residential mortgage backed securities: a. For underlying loans with original maturity of 24 months or less, the MRR shall be 5% of the book value of the loans being securitised. b. For underlying loans with original maturity of more than 24 months as well as loans with bullet repayments, as mentioned in proviso to Clause 6, the MRR shall be 10% of the book value of the loans being securitised.
The limitation act, 1963 as per s.27_____________ right to property.
As per the Motor Vehicles Act any person aggrieved by an award of a Claims Tribunal may, within _____________ from the date of the award, prefer an appe...
In which of the following cases can the person be not excused from answering any question as to any matter relevant to the matter in issue in any sui...
Which of the following is NOT a valid ground for refusing extradition in international law?
______________ means when two or more persons are said to consent when they agree upon the same thing in the same sense
The Hon’ble Supreme Court of India has held in the case of _______ that sale of immovable property through GPA is not valid.
Which of the following is a new type of company which was introduced by the Companies Act, 2013?
Which of the following test determines that damage is remote or not?
a. Test of reasonable foresight
b. Test of directness
c. Test ...
The transfer of an actionable claim shall be effected:
If any person contravenes or attempts to contravene or abets the contravention of the provisions of the PFRDA Act, he shall be punishable with __________
