Dimitris Markopoulos: "We Are Imposing Rules on Funds and Servicers - Heavy Fines of up to 500,000 Euros Are Coming"

enikonomia.gr

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"For the first time, we are imposing strict rules on the operation of funds and servicers, with fines of up to 500,000 euros. We are setting limits on their demands, strengthening the rights of borrowers and creating a substantial framework of protection against arbitrary practices," stressed Deputy Minister of National Economy and Finance, Dimitris Markopoulos, in an interview with […]

enikos.gr

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The bill to be voted on establishes strict rules for the operation of funds and servicers, with fines of up to 500,000 euros, a maximum advance payment limit of 15% in bilateral arrangements and mandatory free information for borrowers. At the same time, Deputy Minister of Finance Dimitris Markopoulos announced the withdrawal of the controversial article 23 amid a confrontation with the opposition, while simultaneously denouncing the absence of …

Pentapostagma

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Mr. Markopoulos emphasized that this is a significant legislative intervention in favor of borrowers, which changes the terms of their relationship with debt management companies.

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"For the first time, we are imposing strict rules on the operation of funds and servicers, with fines of up to 500,000 euros. We are setting limits on their demands, strengthening the rights of borrowers and creating a substantial framework of protection against arbitrary practices," stressed Deputy Minister of National Economy and Finance, Dimitris Markopoulos, in an interview with […]

insider.gr

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For the first time, we are imposing strict rules on the operation of funds and servicers, with fines reaching up to 500,000 euros, says the Deputy Minister of National Economy and Finance.

Business Daily

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The new private debt bill brings strict rules for funds and servicers, a 15% limit on down payments, enhanced borrower rights and fines of up to 500,000 euros for violations, according to Dimitris Markopoulos.