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PETALING JAYA: For many years now, banks in Malaysia have been imposing a documentation fee of between RM100 to RM600 for housing loan borrowings. But from today, that fee has been abolished after Bank Negara issued a notice of cessation to all banks.

In notices posted by several banks, they allude to a directive from Bank Negara saying banks must cease charging a fee relating to the provision of housing loan or home financing documentation for financial customers.