The National Housing Bank (NHB) has strongly criticized home financiers for engaging in the mis-selling of insurance policies tied to housing loans. The regulator has instructed housing finance companies (HFCs) to cease bundling insurance products without fully disclosing their terms and conditions to borrowers. In two separate notices dated December 10, 2024, and March 12, […]

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loansmore