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All the new rules for non-performing loans: Timelines and procedures under the new draft law
The new bill provides for stricter supervision of servicers, digital recording of negotiations, a six-month deadline for restructuring, suspension of interest in cases of violations, and enhanced protection for debtors against foreclosures and seizures by creditors
Private debt: Six new opportunities for debtors with debts and loans
The new set of measures concerning debts to the State, non-performing loans, frozen bank accounts, and the protection of primary residence – 72 instalments for overdue debts up to 2023 – unfreezing of accounts upon payment of 25% of the debt – out-of-court settlement also for debts from €5,000
Non-performing loans: New rules on monthly instalments take effect immediately
Changes that will take effect today for monthly payments and interest, regulation concerns borrowers whose loans are under active repayment plans through Greece’s Katseli Law
Mitsotakis on Non-Performing Loans: We have exceeded expectations & are sending a message of security to all responsible borrowers
Turning his criticism towards the opposition and the public debate surrounding new spending pledges, the Prime Minister stressed that “the government must legislate with public finances in mind”
New debt settlement measures for tax authorities, EFKA & banks: Key dates for 72-installment plans, out-of-court settlements & home protection
The main objective is to bring more debtors into the out-of-court settlement mechanism, even those with smaller debts, while also creating a new framework for protecting primary residences
Almost interest-free installments on an already “haircut” loan after the Supreme Court decision
What borrowers gain from the new ruling of the highest court – How the method of calculating interest, the amount of the monthly installment, and the final repayment amount change
Loans, debts and debtor history at one click – The central credit register is now operational
In March, the public debt database with scoring; in summer, the registry of defaulting tenants – With the cooperation of the Ministry of Finance and the Bank of Greece, the new digital monitoring mechanism is operational
