What is a Key Facts Sheet for a standard home loan?
133AB What is a Key Facts Sheet for a standard home loan?
A Key Facts Sheet for a standard home loan is a document:
that contains the information relating to the standard home loan that is required by the regulations; and
that complies with any other requirements prescribed by the regulations.
Without limiting paragraph (1)(a), regulations made for the purpose of that paragraph:
may require a Key Facts Sheet for a standard home loan to contain information:
that is specific to the consumer by whom the Key Facts Sheet is to be generated under section 133AC or to whom it is to be provided under section 133AD; and
that relates to the cost or implications of the loan for the consumer; and
may require information contained in a Key Facts Sheet for a standard home loan to be based on either or both of the following:
information provided by the consumer;
particular assumptions.
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