A new consolidated version of Directive 2014/17/EU concerning the regulatory requirements of institutions in relation to mortgage loans was published in the Official Journal (OJ) of the EU.
The consolidated version contains the modifications made by Directive (EU) 2021/2167 which amended Articles 27a, 28, and 28a regarding the provision of information by credit institutions if they seeks to modify the terms of a credit, the requirement of credit institutions to practice „reasonable forbearance before foreclosure proceedings are initiated“ and the measures that may be considered in this context, and the information obligations of creditors, if mortgage loans are assigned to a third party, respectively.
Please see EventID 13577 for more information in this context.
Directive 2014/17/EU on credit agreements for consumers relating to residential immovable property
ID
26242
Other Features
agreement
assignment of claims
banks
CMU
credit
cross-border distribution
loan
notifications
NPL
outsourcing
recovery
regulatory
Date Published: 2023-12-13
Date Taking Effect: 2023-12-30
Regulatory Framework: Mortgage Credit Directive (MCD)
Regulatory Type: information
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