Relief Measures for Debtors: Eight Examples of How Much You Gain From the New Arrangements for Servicers
23 Articles
23 Articles
The reduction of the down payment - Protection of the primary residence through the out-of-court mechanism - What happens when the servicer does not provide payment information
The Ministry of National Economy and Finance published examples of how the new regulations translate for servicers and debtors.
With 16 new interventions, the framework for the regulation of private debt and the operation of servicers changes. Eight measures strengthen the protection of debtors and eight tighten transparency, […]
The framework for regulating private debt and the operation of servicers is changing with 16 new interventions, the Ministry of Finance said in a statement. Eight measures strengthen the protection of debtors and eight tighten the transparency, supervision and accountability of debt management companies. For the first time, clear deadlines, specific limits and […]
Clear deadlines, immediate consequences when debtors' rights are violated and more protection for borrowers are brought by the 16 new interventions for private debt
K. Pierrakakis: We Protect Consistent Debtors - Those Who Violate the Rules Will Be Held Accountable
"With the new framework, we are setting clear rules in the private debt market and real consequences when they are violated," says Minister of National Economy and Finance Kyriakos Pierrakakis, referring to the new framework for regulating private debt and the operation of servicers. "For the first time, an end is put to...
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