Providenciales, Turks and Caicos Islands – Friday, 27th February 2026: The Government of the Turks and Caicos Islands, through the Ministry of Finance, advises that the Public Consultation on the Mortgage Corporation Bill 2026 will officially commence on 1 March 2026.
The four-week consultation period will include targeted stakeholder engagement sessions, alongside an open invitation for written submissions from members of the public, organizations, and stakeholder bodies.
This consultation provides individuals and institutions with the opportunity to formally submit comments, recommendations, and concerns regarding the proposed legislation before it proceeds for Parliamentary debate.
This engagement is specifically designed to:
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Validate the operational, governance, regulatory, and financial soundness of the Bill;
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Confirm implementation readiness; and
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Identify any minor refinements necessary to support effective enactment.
Particularly, feedback is being sought on matters relating to implementation, clarity, risk management, and operability.
Purpose
The proposed legislation responds to several structural challenges within the housing market, including:
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Persistent housing affordability constraints;
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Identified market gaps not fully addressed by commercial banking institutions; and
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The broader policy rationale supporting the creation of a public-purpose mortgage corporation to expand long-term affordable home financing options.
What the Bill Does
The Mortgage Corporation Bill 2026:
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Establishes a non-deposit-taking statutory mortgage corporation;
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Provides a defined governance, capitalization, and oversight framework;
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Enables access to long-term affordable home financing; and
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Positions the entity to raise capital independently, subject to appropriate regulatory safeguards.
Key Issues for Feedback
Stakeholders are invited to provide input on:
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Governance structure and operational independence;
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Regulatory perimeter and supervisory arrangements;
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Financial sustainability and capital framework;
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Market interaction and competitive neutrality; and
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Implementation sequencing and transition considerations.
The consultation is focused on ensuring that the legislation is robust, implementable, and financially sound.
Submission of Feedback
Written submissions will be accepted throughout the consultation period, from 1 March 2026 to 1 April 2026. The Government emphasizes that public participation remains a critical component of this process and encourages thoughtful, constructive submissions that will support the responsible and effective establishment of the Mortgage Corporation.
All written submissions must be received no later than 1 April 2026 and should be submitted via email to:
