DEBT DISCHARGE
17 articole · RSS
ING Bank CEO On Debt Discharge Law: It’s Very Dangerous That Those Things Can Happen
The debt discharge law has triggered a state of incertitude on the market and it is very dangerous that those things can happen, Michal Szczurek, ING Bank Romania CEO, stated Wednesday.
Debt Discharge Law Triggered Limited Effects On Real Estate Market
The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is...
Minister: People Resorting To Debt Discharge Law To Be Exempted From Paying Property Transfer Tax
Romanian Finance Minister Anca Dragu said natural persons returning real estate collateral to banks in exchange for writing off their loans will be exempted from paying the tax on property t...
Notaries Public To Halve Fees For Debt Discharge Law
The National Union of Notaries Public in Romania (UNNPR) has decided to cut by 50% the fees charged for retail mortgage borrowers who resort to the provisions of the law on debt discharge, a...
First Home Program Gets Additional Funding Of RON500M In 2016
The guarantee ceiling for this year’s government-guaranteed mortgage lending First Home program was supplemented by RON500 million, according to a decision adopted Wednesday by the governmen...
Law On Debt Discharge Comes Into Force
The law on debt discharge came into force on Friday, 15 days after it was signed into law by Romanian President Klaus Iohannis and published in the Official Gazette.
ARB Asks President To File Appeal At Constitutional Court On Debt Discharge Law
Romanian Banking Association (ARB) asked President Klaus Iohannis to file an appeal at the Constitutional Court regarding the law on debt discharge, arguing that the law is jeopardizing the...
ARB: Law On Debt Discharge To Negatively Impact Financial Stability
The law on debt discharge will have a negative impact on financial stability, while it might also include elements of unconstitutionality and moral hazard, the Romanian Banking Association (...
Parliament Adopts Law On Debt Discharge
The Romanian Chamber of Deputies has adopted the law on debt discharge on Wednesday, with 207 pros, one con and one abstention.