Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:65c
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 65C
Character Range: 306969–307721

65C  Residential investment property loans—exemption from Code
  The Code does not apply to the provision of credit if:
 (a) the credit is provided for either of the following purposes:
 (i) to purchase, renovate or improve residential property for investment purposes; or
 (ii) predominantly to refinance credit that has been provided wholly or predominantly to purchase, renovate or improve residential property for investment purposes; and
 (b) the credit is not provided for the purpose of investment in a single residence; and
 (c) the total amount if the credit provided, or to be provided, is more than $5 000 000.
Note: Subsection 6(13) of the Code provides that the regulations may exclude the provision of credit of any class from the Code.