RHG Limited, the former Rams Home Loans, will sell its residual home loan book and return its net assets to investors, the company announced at its annual meeting, held in Sydney yesterday.The plan calls for a capital return of "not less than" 88 cents a share in early 2011, of which one cent a share will be capital and the balance a dividend of 87 cents a share. Some additional capital may be payable to shareholders once the company is formally wound up later on.A big bank - either National Australia Bank or Westpac, two of RHG's warehouse funders - is the most likely buyer of the residual home loan portfolio. Deloitte Corporate Finance is managing the tender for these assets.RHG, when still known as Rams, sold its brand and franchise network to Westpac in late 2007. The firm was the most serious casualty of the original credit crunch. RHG has managed the run-off of its back book of home loans since then.At the AGM, John Kinghorn, chair of RHG, canvassed some of the issues relevant to the present debate over banking competition.Kinghorn reiterated that the company had been "actively assessing the viability of re-entering the first mortgage market", but then went on to explain the barriers to doing so.He said the National Consumer Credit Protection Act - the new national consumer credit law - "makes it an unacceptable risk for a lender to make self-certified home loans" to the self-employed, a particular strength of Rams during the credit boom.Kinghorn said he expected that "ultimately, common sense will prevail and the NCCP Act will be amended. "But, until then, home loans will be denied to the majority of these borrowers."