MINISTER: Greater Protection for Debtors and Stricter Rules for Servicers
7 Articles
7 Articles
What is the Ministry of Finance's response to the reactions regarding servicers, enforceable titles and the judicial protection of borrowers?
Sources from the Ministry of National Economy and Finance describe as unfounded and misleading the allegations that the new legislative intervention undermines judicial protection.
"The criticism that the new legislative intervention abolishes the judicial protection of debtors is unfounded and creates a misleading image of the real content of the regulation," ministry sources emphasize...More...
Sources from the Ministry of Economy deny that the new regulation abolishes the judicial protection of debtors, emphasizing that it strengthens guarantees, offers new possibilities for protecting the main residence and increases transparency obligations for servicers.
New rules for the operation of servicers, stricter sanctions and additional protection for borrowers are provided for in the bill of the Ministry of National Economy and Finance submitted to Parliament. The bill includes 16 interventions, aiming to limit abusive practices and enhance transparency in debt management. Among the main provisions are: * […] The article The new rules for bad loans that are with Servicers was originally published on Al…
The bill of the Ministry of National Economy and Finance provides for new transparency and control rules for servicers, at a time when thousands of properties are linked to bank... The article Servicers: New transparency rules and pending issues in the development of thousands of properties was published in NewsIT.
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