Compliance Checklist: National Housing Bank Act, 1987, Refinance Booklet for Housing Finance Companies and amendment thereto
The National Housing Bank (NHB) plays a crucial role in supporting Housing Finance Companies (HFCs) by offering refinance assistance. Let’s delve into the key aspects of this program:
- Purpose of Refinance Assistance
- Individual Housing Loans: NHB provides refinance assistance to HFCs for housing loans extended to individuals. This helps HFCs manage liquidity and continue their lending operations effectively.
- Institutional Loans: Additionally, HFCs can avail refinance for loans provided to other institutions involved in housing finance and construction finance.
- Eligibility Criteria
- Property Security: Loans against property (such as those secured by house property) are eligible for refinance. However, this applies only to loans used for specific purposes like construction, purchase, repairs, up gradation, or extension.
- Exclusions: Loans against property for purposes other than those mentioned above are not eligible for NHB refinance.
- Important Considerations
- Applicability: The rules and policies outlined in this booklet specifically apply to refinance released under NHB schemes. They do not pertain to refinance availed by HFCs earlier under any old refinance schemes.
- Old Refinance Schemes: HFCs that previously availed refinance under different schemes continue to be governed by the respective rules and policies associated with those schemes.
Compliance check list for Housing Finance entities availing refinance facility from National Housing Bank is as under:
Disclaimer: This is an effort by team of Lexcomply.com, engaged in providing comprehensive Compliance Management Systems. These Articles/Blogs are intended, to contribute towards improving compliance management regime. Readers are advised not to construe this service as legal opinion and are advised to take a view of subject experts.
| S.No. | Type | Description | Compliance Type |
| 1 | Intimations | Housing Finance Companies (HFC)s to promptly inform National Housing Bank (NHB) about findings of inspection or audit | Event Based |
| 2 | Intimations | Housing Finance Companies (HFC)s to submit to National Housing Bank (NHB) an external rating obtained from RBI accredited Rating Agencies for facilities availed from National Housing Bank (NHB) | Event Based |
| 3 | Intimations | Housing Finance Companies (HFC) to send request for conversion of the outstanding loans from fixed rate structure to floating or vice versa to National Housing Bank (NHB) | Event Based |
| 4 | Intimations | Housing Finance Companies (HFC) to inform National Housing Bank (NHB) regarding change in list of authorized signatories during the year | Event Based |
| 5 | Intimations | Housing Finance Companies (HFC) to furnish certificate of utilization in NHB-HFC-03 within fourteen days of end of three month from date of release of refinance for prospective loans | Event Based |
| 6 | Other Compliance | HFCs not required to seek NOC from NHB for borrowing from banks/ financial institutions to which refinance has been extended on negative lien basis | On Going |
| 7 | Other Compliance | HFC to ensure security offered to NHB for its refinance assistance is not infringed upon while entering into agreements / creating charge with / in favour of other banks / financial institutions | On Going |
| 8 | Other Compliance | HFC to report to other lenders current position relating to security or charge offered to NHB under refinance | On Going |
| 9 | Other Compliance | HFC to furnish letter ceding pari passu charge in favour of NHB obtained from banks / financial institutions to NHB wherever necessary | On Going |
| 10 | Other Compliance | HFC to obtain consent of concerned bank / financial institution to enter into agreements of creation of pari passu charge in favour of NHB | On Going |
| 11 | Other Compliance | Housing loans covered under scheme to be standard assets as per Housing Finance Companies (NHB) Directions, 2010 and unencumbered at time of claiming refinance and during entire tenure of refinance | On Going |
| 12 | Other Compliance | HFC to borne expenses of inspection of its books of account, registers, and other records by or on behalf of NHB | On Going |
| 13 | Other Compliance | HFCs to take prompt action on findings of inspection or audit | On Going |
| 14 | Other Compliance | HFCs to have systems and procedures for appraisal and follow-up of housing loans | On Going |
| 15 | Other Compliance | Eligible lending institution providing finance for housing and covered under Scheme to conform to Guidelines and Directions issued by NHB | On Going |
| 16 | Other Compliance | Eligible HFCs to maintain satisfactory recovery performance from beneficiaries under various categories for continuance of refinance facility from NHB | On Going |
| 17 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs for construction / purchase of dwelling units (Regular Refinance Scheme) | On Going |
| 18 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs for repairs / renovation / upgradation of dwelling units (Regular Refinance Scheme) | On Going |
| 19 | Other Compliance | Loans to be eligible for refinance under Scheme to be of any size (Regular Refinance Scheme) | On Going |
| 20 | Other Compliance | For loans to be eligible for refinance under Scheme, property to be in any location (Regular Refinance Scheme) | On Going |
| 21 | Other Compliance | Loans for refinance under Scheme to be available to any borrowers (Regular Refinance Scheme) | On Going |
| 22 | Other Compliance | Refinance tenure to be of one year to fifteen years (Regular Refinance Scheme) | On Going |
| 23 | Other Compliance | Interest rate to be floating rate or fixed rate with resets (Regular Refinance Scheme) | On Going |
| 24 | Other Compliance | Concession in interest rate to be available for refinance for loans upto 10 lakhs (Regular Refinance Scheme) | On Going |
| 25 | Other Compliance | Concession in interest rate to be available for refinance for loans in rural areas (Regular Refinance Scheme) | On Going |
| 26 | Other Compliance | Concession in interest rate to be available for refinance for loans to women where woman is owner / co-owner of financed property (Regular Refinance Scheme) | On Going |
| 27 | Other Compliance | Concession in interest rate to be available for refinance for loans to persons of third gender where beneficiary is owner / co-owner of financed property (Regular Refinance Scheme) | On Going |
| 28 | Other Compliance | Concession in interest rate to be available for refinance for loans to disabled or differently abled persons where beneficiary is owner / co-owner of financed property (Regular Refinance Scheme) | On Going |
| 29 | Other Compliance | Concession in interest rate to be available for refinance for loans to persons belonging to Scheduled Castes / Scheduled Tribes where beneficiary is owner / co-owner of financed property (Regular Refinance Scheme) | On Going |
| 30 | Other Compliance | Concession in interest rate to be available for refinance for loans for green housing where loan is for domestic solar equipment, water harvesting or energy efficient housing certified to save at least 18% under NHB-KfW assessment model (Regular Refinance Scheme) | On Going |
| 31 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs to borrowers belonging to weaker sections for construction / purchase of dwelling units in rural areas (Rural Housing Fund Scheme) | On Going |
| 32 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs to borrowers belonging to weaker sections for repairs / renovation / upgradation of dwelling units in rural areas (Rural Housing Fund Scheme) | On Going |
| 33 | Other Compliance | Loans to be eligible for refinance under Scheme to be upto 15 lakhs (Rural Housing Fund Scheme) | On Going |
| 34 | Other Compliance | For loans to be eligible for refinance under Scheme, property to be in rural areas as per 1991 census (Rural Housing Fund Scheme) | On Going |
| 35 | Other Compliance | Loans to be eligible for refinance under Scheme to be disbursed on or after 01-04-2008 (Rural Housing Fund Scheme) | On Going |
| 36 | Other Compliance | For loans to be eligible for refinance under Scheme, ultimate borrowers to be of weaker sections (Rural Housing Fund Scheme) | On Going |
| 37 | Other Compliance | For loans to be eligible for refinance under Scheme, rural population to be with income upto 2 lakhs (Rural Housing Fund Scheme) | On Going |
| 38 | Other Compliance | Refinance tenure to be of 3 years to 10 years (Rural Housing Fund Scheme) | On Going |
| 39 | Other Compliance | Interest rate to remain fixed for entire tenure of refinance without reset (Rural Housing Fund Scheme) | On Going |
| 40 | Other Compliance | Interest rates on individual loans covered under Scheme not to be more than 2% over and above interest rate on refinance (Rural Housing Fund Scheme) | On Going |
| 41 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in urban areas for construction / purchase of dwelling units (Urban Housing Fund Scheme) | On Going |
| 42 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in urban areas for repairs / renovation / upgradation of dwelling units (Urban Housing Fund Scheme) | On Going |
| 43 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in urban areas for incremental housing (Urban Housing Fund Scheme) | On Going |
| 44 | Other Compliance | Loan to be eligible for refinance under Scheme to be upto 10 lakhs (Urban Housing Fund Scheme) | On Going |
| 45 | Other Compliance | For loans to be eligible for refinance under Scheme, property to be in urban area as per 2011 Census (Urban Housing Fund Scheme) | On Going |
| 46 | Other Compliance | Loans to be eligible for refinance under Scheme to be disbursed on or after 01-04-2013 (Urban Housing Fund Scheme) | On Going |
| 47 | Other Compliance | For loans to be eligible for refinance under Scheme for new units, carpet area of dwelling unit not to exceed 60 m2 or cost of Rupees 16 lakhs (Urban Housing Fund Scheme) | On Going |
| 48 | Other Compliance | For loans to be eligible for refinance under Scheme, household income not to exceed Rupees 4 lakhs per annum (Urban Housing Fund Scheme) | On Going |
| 49 | Other Compliance | Refinance tenure to be of 3 years to 10 years (Urban Housing Fund Scheme) | On Going |
| 50 | Other Compliance | Interest rate to be fixed without reset for entire tenure of refinance (Urban Housing Fund Scheme) | On Going |
| 51 | Other Compliance | Interest rates on individual loans covered under Scheme not to be more than 2% over and above interest rate on refinance (Urban Housing Fund Scheme) | On Going |
| 52 | Other Compliance | HFCs to avail refinance assistance under Scheme of housing loans in urban areas extended to low income household either directly or through intermediaries like MFIs or SHGs for construction / purchase of new dwelling units (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 53 | Other Compliance | HFCs to avail refinance assistance under Scheme of housing loans in urban areas extended to low income household either directly or through intermediaries like MFIs or SHGs for purchase of existing dwelling units (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 54 | Other Compliance | HFCs to avail refinance assistance under Scheme of housing loans in urban areas extended to low income household either directly or through intermediaries like MFIs or SHGs for repairs / renovation / extension / up-gradation of existing dwelling units (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 55 | Other Compliance | Housing loans to individuals either directly or through intermediaries like MFIs or SHGs to be eligible for refinance under Scheme (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 56 | Other Compliance | Loan to be eligible for refinance under Scheme not to exceed five lakhs (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 57 | Other Compliance | For loan to be eligible for refinance under Scheme, annual household income not to exceed 2 lakhs (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 58 | Other Compliance | For loan to be eligible for refinance under Scheme, beneficiaries to derive informal income (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 59 | Other Compliance | Loans to be eligible for refinance under Scheme to be disbursed on or after 25-02-2013 (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 60 | Other Compliance | Loans to be eligible for refinance under Scheme to have loan-to-value (LTV) ratio not exceeding 80% (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 61 | Other Compliance | Loans to be eligible for refinance under Scheme to conform to prescribed social and environment due diligence requirements (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 62 | Other Compliance | Loans to be eligible for refinance under Scheme to be extended for dwelling units located in urban areas as per 2011 Census (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 63 | Other Compliance | Refinance tenure under Scheme to be five years to fifteen years (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 64 | Other Compliance | Interest rate to be fixed without reset for entire tenure of refinance (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 65 | Other Compliance | Beneficiaries under scheme to have annual household income not exceeding 2 lakhs (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 66 | Other Compliance | Beneficiaries under scheme to derive their income from informal sources (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 67 | Other Compliance | Individual housing loans under Scheme to be secured by mortgageable title over land/ property or by alternate security to satisfaction of HFC (Special Urban Housing Refinance Scheme for Low Income Households) | On Going |
| 68 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in flood affected districts of state of Jammu and Kashmir for construction of new dwelling units (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 69 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in flood affected districts of state of Jammu and Kashmir for acquisition of existing dwelling units (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 70 | Other Compliance | To provide refinance assistance of housing loans extended by HFCs in flood affected districts of state of Jammu and Kashmir for repairs/ renovation / up-gradation of existing dwelling units (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 71 | Other Compliance | Direct housing loans to individuals to be eligible for refinance under Scheme (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 72 | Other Compliance | Housing loans to be eligible for refinance under Scheme not to exceed 10 lakhs (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 73 | Other Compliance | Housing loans to be eligible for refinance under Scheme to be disbursed on or after 1st October 2014 (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 74 | Other Compliance | Housing loans to be eligible for refinance under Scheme to be extended to dwelling units located in flood affected districts of Jammu & Kashmir (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) |
On Going |
| 75 | Other Compliance | Refinance to be available of those loans where conditions of RHF / UHF (whichever is applicable) are satisfied (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 76 | Other Compliance | Refinance tenure under Scheme to be three years to ten years(Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 77 | Other Compliance | Interest rate on refinance to be 6.50% p.a. fixed for entire tenure without reset (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 78 | Other Compliance | Interest rates on loans covered under Scheme not to exceed 8.50% p.a. (Special Refinance Scheme for Flood Affected Areas of Jammu & Kashmir) | On Going |
| 79 | Other Compliance | To provide refinance assistance of loans extended by HFCs to public agencies, private agencies / developers / builders for affordable housing projects (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 80 | Other Compliance | Eligible projects under Scheme to be projects with 60% of permissible FSI (floor space index) for units of carpet area upto 60 m2 and cost of unit not exceeding 30 lakhs per unit (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 81 | Other Compliance | Eligible projects under Scheme to be slum improvement / rehabilitation projects conforming to parameters set by Central Sanctioning and Monitoring Committee of Affordable Housing in Partnership Scheme (AHP) (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 82 | Other Compliance | Eligible developers under Scheme to be public agencies (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 83 | Other Compliance | Eligible private developers/builders under Scheme undertaking low cost affordable housing projects to be company registered under Companies Act, 1956 (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 84 | Other Compliance | Eligible private developers/builders under Scheme to have minimum 3 years experience in undertaking residential projects and to have good track record of quality and delivery (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 85 | Other Compliance | Eligible private developers/builders under Scheme not to have defaulted in financial commitments to banks/ financial institutions or other agencies (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 86 | Other Compliance | Eligible private developers/builders project under Scheme not to be under litigation (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 87 | Other Compliance | Eligible private developers/builders project under Scheme to be in conformity with master plan / development plan of area and layout to conform to land use stipulated by town and country planning department for housing projects (Refinance Scheme for Construction Finance for Affordable Housing) |
On Going |
| 88 | Other Compliance | Refinance under Scheme to be available only of that portion of project which conforms to eligibility criteria (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 89 | Other Compliance | Refinance to be available to extent of project cost apportioned for affordable housing | On Going |
| 90 | Other Compliance | Refinance tenure under Scheme to be co-terminus with HFC’s loan to agency subject to maximum tenure of 5 years (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 91 | Other Compliance | Interest rate under Scheme to be floating or fixed rate with resets (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 92 | Other Compliance | HFCs to be eligible to draw refinance to be registered with NHB to carry out housing finance activity | On Going |
| 93 | Other Compliance | HFCs to be eligible to draw refinance to provide long-term finance for construction / purchase/ repair/ upgradation of dwelling units by home-seekers | On Going |
| 94 | Other Compliance | HFCs to be eligible to draw refinance to invest at least 75% of capital employed by way of long term finance for housing | On Going |
| 95 | Other Compliance | HFCs to be eligible to draw refinance to have Net Owned Fund (NOF) of not less than 10 crore | On Going |
| 96 | Other Compliance | HFCs to be eligible to draw refinance to comply with provisions of National Housing Bank Act, 1987 and Housing Finance Companies (NHB) Directions, 2010 as amended | On Going |
| 97 | Other Compliance | HFCs to be eligible to draw refinance to have Net Non Performing Assets (NNPA) not more than 2.50% of Net Advances | On Going |
| 98 | Other Compliance | HFCs to be eligible to draw refinance to have completed at least 3 years of operations | On Going |
| 99 | Other Compliance | New rural HFCs not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 100 | Other Compliance | Newly established HFCs set up by reputed business group and able to furnish either corporate guarantee or Letter of Comfort from parent organization not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 101 | Other Compliance | Newly established HFCs having individual housing finance portfolio of not less than 100 crore not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 102 | Other Compliance | Newly established HFCs having at least 50% of outstanding individual housing loan portfolio in affordable housing segment not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 103 | Other Compliance | Newly established HFCs having at least 50% of housing loan portfolio comprised of loans upto 5 lakhs not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 104 | Other Compliance | Newly established HFCs lending policy having focus on informal sector and low income and affordable housing not required to furnish three years audited financial statements to be eligible to draw refinance | On Going |
| 105 | Other Compliance | HFCs to obtain external rating for all facilities availed from NHB based on their last financial statements from RBI accredited Rating Agencies | On Going |
| 106 | Other Compliance | HFCs to avail refinance from NHB to extent of 100 per cent of housing loans sanctioned and disbursed by it for acquisition / construction of new housing units and for upgradation / major repairs | On Going |
| 107 | Other Compliance | Refinance to HFCs to be available for period of not less than one year and not exceeding fifteen years | On Going |
| 108 | Other Compliance | Repayment of principal to start after one clear calendar quarter from date of disbursement | On Going |
| 109 | Other Compliance | Payment of interest to start from quarter immediately after disbursement | On Going |
| 110 | Other Compliance | Refinance availed by HFCs to be prepaid without any prepayment charge subject to condition that refinance is availed under Rural Housing Fund, Urban Housing Fund, Special Urban Refinance Scheme for Low Income Households, or under Regular Refinance Scheme at concessional rates |
On Going |
| 111 | Other Compliance | Refinance availed by HFCs to be prepaid without any prepayment charge subject to condition that HFC has received said amount from ultimate borrowers under these schemes |
On Going |
| 112 | Other Compliance | Refinance availed by HFCs to be prepaid without any prepayment charge subject to condition that prepayment is made not more than once in quarter after giving two weeks notice |
On Going |
| 113 | Other Compliance | Refinance availed by HFCs to be prepaid without prepayment charge subject to condition that said refinance has run for at least one year including required period of notice | On Going |
| 114 | Other Compliance | Refinance availed by HFCs to be prepaid without prepayment charge subject to condition that prior notice of two months is given to NHB | On Going |
| 115 | Other Compliance | Refinance availed by HFCs to be prepaid without prepayment charge subject to condition that prepayment is made not more than once in half year (January -June or July – December) | On Going |
| 116 | Other Compliance | Housing Finance Companies (HFC)’s to pay prepayment charges upto one year at 1.0% of amount to be prepaid subject to giving two months notice in writing | On Going |
| 117 | Other Compliance | Housing Finance Companies (HFC)’s to pay prepayment charges for more than one year at 0.5% of amount to be prepaid subject to giving two months notice in writing | On Going |
| 118 | Other Compliance | HFC to obtain mortgage of property as security for loan advanced by them to individual beneficiaries | On Going |
| 119 | Other Compliance | HFC to borne credit risk of primary loan and refinance to be repayable irrespective of primary loan account remaining regular or otherwise | On Going |
| 120 | Other Compliance | HFC to secure refinance from NHB by creating charge on its book debts | On Going |
| 121 | Other Compliance | HFC to secure refinance from NHB by creating additional security such as charge on immovable properties / movable properties, personal guarantee of promoter, corporate guarantee or letter of comfort from promoter institution, etc. NHB’s discretion |
On Going |
| 122 | Other Compliance | HFCs to avail refinance at fixed or floating rates of interest depending on requirement and provisions of refinance schemes | On Going |
| 123 | Other Compliance | Housing Finance Companies (HFC) to convert outstanding loans from fixed rate to floating rate or vice versa only on 1st January of each year | 1st January |
| 124 | Other Compliance | Housing Finance Companies (HFC) to convert outstanding loans from fixed rate to floating rate or vice versa only on 1st April of each year | 1st April |
| 125 | Other Compliance | Housing Finance Companies (HFC) to convert outstanding loans from fixed rate to floating rate or vice versa only on 1st July of each year | 1st July |
| 126 | Other Compliance | Housing Finance Companies (HFC) to convert outstanding loans from fixed rate to floating rate or vice versa only on 1st October of each year | 1st October |
| 127 | Other Compliance | HFC to agree at time of disbursement of refinance on resetting of rates on outstanding loans in case of refinance extended at fixed rates of interest | On Going |
| 128 | Other Compliance | Applicable interest rate to be prevailing fixed rate of interest for term equivalent to original repayment period | On Going |
| 129 | Other Compliance | HFC to continue with outstanding balance on revised rates or to prepay without notice period at time of reset | On Going |
| 130 | Other Compliance | HFCs to obtain sanction of refinance limits from July – June of year | On Going |
| 131 | Other Compliance | HFC to request carry forward of limits remaining unutilized at end of year to NHB | On Going |
| 132 | Other Compliance | HFC to obtain sanction of additional limit in case annual limit is fully utilized before end of year | On Going |
| 133 | Other Compliance | HFC to complete documentation after limit is sanctioned for first time/ each years annual or additional limit | On Going |
| 134 | Other Compliance | HFC to make payments under advice to NHB, New Delhi by way of RTGS | On Going |
| 135 | Other Compliance | Repayment of principal by HFC to NHB to commence after gap of one clear calendar quarter following disbursal of refinance and as specified by NHB | On Going |
| 136 | Other Compliance | Additional interest not to be charged for repayment of principal or interest by HFC done within first three working days of quarter in case due date for repayment is holiday for Mumbai office of NHB | On Going |
| 137 | Other Compliance | HFC to make payments to NHB promptly on due dates irrespective of amount recovered from borrowers | On Going |
| 138 | Other Compliance | Housing Finance Companies (HFCs) to avail refinance in respect of prospective loans, subject to the condition that such amounts drawn for prospective loans is fully backed by individual housing loans within a period of three months from the date of release | On Going |
| 139 | Other Compliance | HFC to repay refinance to NHB to extent of adverse balance | On Going |
| 140 | Other Compliance | HFCs to place certificate in case of adverse balance to Board of Directors before forwarding it to NHB | On Going |
| 141 | Other Compliance | HFC to furnish list of refinance releases in which adverse balance has arisen with aggregate of outstanding housing loan of each refinance loan account | On Going |
| 142 | Other Compliance | Loan accounts pre-closed and new loan account opened of same borrower with same housing unit financed as primary security to continue to be covered under flagged housing loans and not to be taken for adverse balance computation | On Going |
| 143 | Other Compliance | Additional margin stipulated above security of book debts created out of refinance not to be reckoned for computation of adverse balance for refinance availed on 31st March/ 30th September | On Going |
| 144 | Other Compliance | HFC to maintain additional margin on outstanding refinance for purpose of collateral security | On Going |
| 145 | Other Compliance | Adverse balance arising due to pre-closure of loans in normal operations of lending and accelerated repayments to be included in computation of adverse balance and repaid not to attract any levy | On Going |
| 146 | Other Compliance | Prospective loans not earlier than 3 months to half yearly statement not to be included under NHB outstanding for computation of adverse balance | On Going |
| 147 | Records/Registers | Housing Finance Companies (HFC)s to identify loans for financial assistance and maintain list of such loans | On Going |
| 148 | Records/Registers | Housing Finance Companies (HFC)s to keep up-to-date information of loan accounts for financial assistance | On Going |
| 149 | Records/Registers | Eligible private developers/builders under Scheme to have on record all clearances from various bodies including Revenue Department with respect to land usage / environment clearance, etc. (Refinance Scheme for Construction Finance for Affordable Housing) | On Going |
| 150 | Records/Registers | Housing Finance Companies (HFC) loan accounts for which refinance has been taken to be distinctly identifiable from maintained records | On Going |
| 151 | Records/Registers | Housing Finance Companies (HFC) to maintain the records of list of all loan accounts for which refinance has been taken | On Going |
| 152 | Registration(s)/Approval(s)/Clearance(s)/License(s) | To obtain NOC from National Housing Bank (NHB) for borrowing from banks / financial institutions by Housing Finance Companies (HFC)s whose refinance is secured by charge over all book debts shared on pari passu basis with other lenders | One Time |
| 153 | Registration(s)/Approval(s)/Clearance(s)/License(s) | To obtain NOC from National Housing Bank (NHB) for borrowing from banks / financial institutions by Housing Finance Companies (HFC)s whose refinance is secured by charge over all book debts shared on pari passu basis with other lenders | Event Based |
| 154 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain prior approval of National Housing Bank (NHB) for change in individual housing loans flagged against National Housing Bank (NHB) refinance | One Time |
| 155 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain prior approval of National Housing Bank (NHB) for change in individual housing loans flagged against National Housing Bank (NHB) refinance | Event Based |
| 156 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain registration with National Housing Bank (NHB) to carry out housing finance activity | One Time |
| 157 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain registration with National Housing Bank (NHB) to carry out housing finance activity | Event Based |
| 158 | Registration(s)/Approval(s)/Clearance(s)/License(s) | HFC to make an application in format NHB HFC-02 for disbursement of refinance to NHB | One Time |
| 159 | Registration(s)/Approval(s)/Clearance(s)/License(s) | HFC to make an application in format NHB HFC-02 for disbursement of refinance to NHB | Event Based |
| 160 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain approval for No Objection Certificate (NOC) in case of borrowings by way of floatation of bonds/debentures unsecured or secured, listed or privately placed from National Housing Bank (NHB) | One Time |
| 161 | Registration(s)/Approval(s)/Clearance(s)/License(s) | Housing Finance Companies (HFC) to obtain approval for No Objection Certificate (NOC) in case of borrowings by floatation of bonds / debentures unsecured or secured, listed or privately placed from National Housing Bank (NHB) | Event Based |
| 162 | Returns | Housing Finance Companies (HFC)s to submit an Annual Confirmation of Negative Lien Covenant in the format NHB-HFC-07 where it is not required to seek NOC from NHB for borrowing from banks / financial institutions | 15th July |
| 163 | Returns | Housing Finance Companies (HFC)s to submit additional information on borrowings in NHB- HFC-06 where it is not required to seek NOC from NHB for borrowing from banks / financial institutions (For the Half Year period of July to December) | 30th January |
| 164 | Returns | Housing Finance Companies (HFC)s to submit additional information on borrowings in NHB- HFC-06 where it is not required to seek NOC from NHB for borrowing from banks / financial institutions (For the Half Year period of January to June) | 30th July |
| 165 | Returns | Housing Finance Companies (HFC)s whose refinance is secured by a charge over all book debts shared on pari passu basis with other lenders to submit information on borrowings in the format NHB-HFC-06 (For the Half Year period of July to December) | 30th January |
| 166 | Returns | Housing Finance Companies (HFC)s whose refinance is secured by a charge over all book debts shared on pari passu basis with other lenders to submit information on borrowings in the format NHB-HFC-06 (For the Half Year period of January to June) | 30th July |
| 167 | Returns | Housing Finance Companies (HFC) to submit list of book debts to National Housing Bank (NHB) on 31st March every year | 31st March |
| 168 | Returns | Housing Finance Companies (HFC) to submit list of book debts to National Housing Bank (NHB) on 30th September every year | 30th September |
| 169 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-10 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained at 31st March every year (For the quarter of July to September) | 15th October |
| 170 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-10 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained on 30th September every year (For the quarter of October to December) | 15th January |
| 171 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-10 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained at 31st March every year (For the quarter of January to March) | 15th April |
| 172 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-10 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained on 30th September every year (For the quarter of April to June) | 15th July |
| 173 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Quarterly Return in NHB-HFC-04 within one month of end of quarter (For the quarter of July to September) | 31st October |
| 174 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Quarterly Return in NHB-HFC-04 within one month of end of quarter (For the quarter of October to December) | 31st January |
| 175 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Quarterly Return in NHB-HFC-04 within one month of end of quarter (For the quarter of January to March) | 30th April |
| 176 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Quarterly Return in NHB-HFC-04 within one month of end of quarter (For the quarter of April to June) | 31st July |
| 177 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Half Yearly Return in NHB-HFC-05 within two months of end of half year (For the Half Year period of July to December) | 28th February |
| 178 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Half Yearly Return in NHB-HFC-05 within two months of end of half year (For the Half Year period of January to June) | 31st August |
| 179 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Half Yearly Return in NHB-HFC-06 within thirty days of end of half year (For the Half Year period of July to December) | 30th January |
| 180 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish Half Yearly Return in NHB-HFC-06 within thirty days of end of half year (For the Half Year period of January to June) | 30th July |
| 181 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish annual return in NHB-HFC-07 within fifteen days of end of refinance year | 15th July |
| 182 | Returns | Housing Finance Companies (HFC) availing refinance from National Housing Bank (NHB) to furnish annual return in NHB-HFC-08 within two months of end of refinance year | 31st August |
| 183 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-05 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained at 31st March every year | 29th August |
| 184 | Returns | Housing Finance Companies (HFC)s to furnish certificate in NHB-HFC-05 confirming that refinance outstanding from National Housing Bank (NHB) does not exceed total outstanding housing loans for which refinance has been obtained on 30th September every year | 29th Januray |
| 185 | Statutory Dues | Payment of interest on refinance by the HFC to NHB (For the quarter of July to September) | 1st October |
| 186 | Statutory Dues | Payment of interest on refinance by the HFC to NHB (For the quarter of October to December) | 1st January |
| 187 | Statutory Dues | Payment of interest on refinance by the HFC to NHB (For the quarter of January to March) | 1st April |
| 188 | Statutory Dues | Payment of interest on refinance by the HFC to NHB (For the quarter of April to June) | 1st July |
| 189 | Statutory Dues | Housing Finance Companies (HFC) to pay 0.25% of loan outstanding on conversion from fixed rate structure to floating rate of interest | Event Based |
| 190 | Statutory Dues | Housing Finance Companies (HFC) to pay 0.25% of loan outstanding on conversion from floating rate to fixed rate of interest | Event Based |
| 191 | Statutory Dues | Housing Finance Companies (HFC) to repay amount of refinance availed from National Housing Bank (NHB) in period not exceeding 15 years by way of equal quarterly instalments (For the quarter of July to September) | 1st October |
| 192 | Statutory Dues | Housing Finance Companies (HFC) to repay amount of refinance availed from National Housing Bank (NHB) in period not exceeding 15 years by way of equal quarterly instalments (For the quarter of October to December) | 1st January |
| 193 | Statutory Dues | Housing Finance Companies (HFC) to repay amount of refinance availed from National Housing Bank (NHB) in period not exceeding 15 years by way of equal quarterly instalments (For the quarter of January to March) | 1st April |
| 194 | Statutory Dues | Housing Finance Companies (HFC) to repay amount of refinance availed from National Housing Bank (NHB) in period not exceeding 15 years by way of equal quarterly instalments (For the quarter of April to June) | 1st July |
| 195 | Statutory Dues | Housing Finance Companies (HFC) to pay amount of refinance within one month of date of advice by National Housing Bank (NHB) in case of adverse balance | Event Based |
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