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The minimum Dealer Member inventory margin requirements for mortgages are as follows:
Mortgage type
Minimum margin requirement expressed as a percentage of market value
National Housing Act insured mortgage
6%
Conventional first mortgage
12% or the rate set by the chartered banks, whichever is greater
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Client account positions in mortgages may not be carried on margin.
5251. - 5299. Reserved.
There is no history log for this rule.
There is no history log for this rule.