Greece’s Red Loan Reforms: What Borrowers Need to Know About Servicers and Debt Protection
48 Articles
48 Articles
The government argues that the bill strengthens borrowers, with stricter rules for servicers and more regulatory possibilities.
Sources from the Ministry of National Economy and Finance have provided clarifications on the legislative intervention concerning the 120 installments. “The criticism that the new legislative intervention abolishes the judicial protection of debtors is unfounded and creates a misleading image of the actual content of the regulation,” they emphasize, adding that “it omits the guarantees provided by the law, the additional possibilities for protec…
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Economy and Finance The post ELAS: The government becomes the executive arm of the servicers – Article 23 should be withdrawn now appeared first on in.gr.
The government may have initially insisted that the ability of borrowers to appeal to the courts remains fully guaranteed, after...
Opposition parties and representatives of the legal world had expressed serious objections to its consequences for borrowers with debts to banks and funds.
The government is moving forward with the withdrawal of Article 23 from the private debt bill, following the strong reactions that were expressed in Parliament regarding the regulations on bad loans and servicers. The post Parliament: Article 23 on bad loans is withdrawn after the opposition's reactions appeared first on PatrisNews - Patris Newspaper of Ilias.
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- 67% of the sources lean Right
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