The senators on Monday decided the First Home program will remain subject to the provisions of the law on debt discharge, but, they also admitted the Romanian central bank’s proposition to introduce a maximum ceiling of EUR150,000 for properties used for residential purposes, which will be considered when enforcing the law.
As per the law on debt discharge, a debtor, instead of paying a debt he/she owes in money, satisfies his/her creditor by giving in payment a movable or immovable.