Greece’s Red Loan Reforms: What Borrowers Need to Know About Servicers and Debt Protection

Iefimerida

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The absence of representatives of funds and servicers from the hearing of entities in the Economic Affairs Committee of the Parliament, where the private debt bill is being discussed, caused reactions. “They did not come in a bad way,” commented Deputy Minister of National Economy and Finance Dimitris Markopoulos regarding the decision of the Association of Companies for the Management of Claims from Loans and Credits not to participate in the …

Protothema

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"No one is uncontrollable in this country, no form of unruliness will pass," said the Deputy Minister of Finance.

in.gr

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ELAS speaks of an unprecedented institutional deviation for loan contracts and calls for the withdrawal of article 23 of the new bill of the Ministry of National Economy and Finance The post ELAS: The government becomes the executive arm of the servicers – Article 23 should be withdrawn now appeared first on in.gr.

eleftheria.gr

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▶ Maximum advance payment limit of 15% in bilateral debt arrangements, free information for borrowers and strict sanctions are included in the provisions of the bill under vote Stricter rules for the operation of funds and servicers, with fines that can reach up to 500,000 euros, are provided for in the government's bill under vote for the management of private […]

Tribune.gr

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The government may have initially insisted that the ability of borrowers to appeal to the courts remains fully guaranteed, after...

LiFO

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Opposition parties and representatives of the legal world had expressed serious objections to its consequences for borrowers with debts to banks and funds.