Mortgage loan
Banks’ decisive return to mortgage market may take time
By Nikos Roussanoglou
Leasing option for borrowers
By Evgenia Tzortzi and Dimitra Manifava
The new code of practice for the handling of bad loans, which the Bank of Greece has published for consultation, provides for borrowers who cannot repay loans secured against their home to be able to remain at their property by renting it after transferring the ownership to the bank.
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Consumer Loan Act Changes Pass 1st Reading in Bulgaria's Parliament
A set of amendments to the Consumer Loan Act passed first reading in Bulgaria's Parliament.
The legal changes, put forth by Yordan Tsonev, MP from liberal party Movement for Rights and Freedoms (DPS) and Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), were approved with 99 votes in favor, 4 votes against and 7 abstentions, according to reports of dnevnik.bg.