 Implementation of the Mortgage Credit Directive – the scope of changes, issues of concern and their potential impact on the Polish mortgage sectorAgnieszka Nierodka Chapter 5 in Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, 2016, pp v1, 119-142 from Narodowy Bank Polski Abstract: In February 2014, the European Parliament approved the text of a new Mortgage Credit Directive, ending more than two years of work on the unification of the mortgage market in Europe. EU Member States have had two years to adapt their national legislations to the new requirements – the deadline for implementation of the Directive expires in March 2016. Although the final version of the Directive, whose aim is to harmonize and raise the standards of offering mortgage loans in the EU, was made significantly more relaxed relative to the original assumptions, this does not mean that implementation of the new regulations will be easy for the financial sector. The purpose of this article is to present the main provisions of the Mortgage Credit Directive, its planned implementation into Polish law and the major challenges related to the process. Keywords: Mortgage Credit Directive; mortgage regulation; consumer protection (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpchp:2-5 Access Statistics for this chapter More chapters in Chapters from NBP Conference Publications from Narodowy Bank Polski Contact information at EDIRC. |
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