Brussels, 21/03/2016 (Agence Europe) - The directive (2014/17) on the granting of mortgage credit in the European Union entered into force on Monday 21 March (see EUROPE 10834).
The legislative text covers mortgage loans for residential use, which may or may not be guaranteed by a mortgage. It aims to create a property credit market at European Union level with a high level of consumer protection.
“This is an important step in improving consumer information and encouraging responsible...