“I am alarmed by the current amendments brought to the draft law, by this, even more radicalized version which will certainly restrain the lending and financial intermediation market at a moment when Romania fundamentally needs to import capital (not commodities) in order to be able to finance the needs of the housing fund, the infrastructure or the production sector. Under the circumstances, the restricting of the lending market becomes inevitable due to the actual material risks for the depositors and shareholders’ funds,” Manea stated.
BCR president said that the “punitive” legislation and the lack of constructive dialog regarding the financial sector became an indicator of the lack of confidence of the society.
On December 21, 2015, at the end of the parliamentary session, the Senate was notified of President Klaus Iohannis’ request to send back to Parliament for re-examination the bill on the payment of a mortgage loan with the mortgaged property (the bill on giving in payment).
Senate’s budget committee will discuss the president’s request on Tuesday.
Romanian central bank governor Mugur Isarescu said in January that when re-examining the bill on giving in payment, the Parliament ought to consider the recommendations of the European Central Bank (ECB) as well, so that the bill can protect only those holding mortgage loans and no other persons.
According to the bill, the debtor can resort to the payment of the mortgage loan with the mortgaged property if the loan was guaranteed with two or more properties.
Deputy Daniel Zamfir, who initiated the bill, came up with several amendments, among which the replacing of the word “natural person” with “consumer”, the reformulation of several texts, and the doubling of the deadline by which the debtor should address a notary public.