New Private Debt Market Rules to ‘Protect Consistent Debtors’
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12 Articles
The government package has two distinct parts: eight interventions for the protection of debtors and eight for transparency,
"Today's decisions move in a direction that the market needs: less pressure on costs, more possibilities for adjusting obligations and clearer rules in the management of private debt," says the president of the Hellenic Bank Association, Yiannis Bratakos, after the new interventions announced today by Prime Minister Kyriakos Mitsotakis. In detail,...
The measures to support households and businesses include an increase in the installments for debts to the State, from 72 to 120, as well as the establishment of a much stricter framework for Servicers. The Prime Minister said that he sent a letter to the President of the Commission, for additional fiscal flexibility, with the aim of supporting citizens. The article Support measures – 120 installments – Protection from Servicers was originally p…
15% ceiling on down payment: Significant relief for borrowers in bilateral debt arrangements
New deadlines for regulations, protection for those who pay regularly and "freezing" interest when full information is not provided - What is provided for auctions and primary residence
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, ... More
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