On Thursday, Sim passed most of the amendments to the Borrower Assistance Act. The most significant House-backed Senate amendment specifies that credit leave will cover all mortgage contracts entered into to meet private housing needs, and to meet mortgage loan law requirements, including those that were entered into before the Mortgage Loan Act went into effect in 2017.
The law gives people who pay off a loan for an apartment the opportunity to take advantage of what is called a credit holiday. They will be able to apply for a four-month loan moratorium at no cost this year and for another four next year.
Now the bill will be sent to the president for signature.
House votes to authorize loan with Senate amendments
In addition to the provisions on the so-called credit leave, the law also includes solutions aimed at strengthening the Borrower Support Fund, which helps borrowers in trouble. According to the law, banks will pay an additional 1.4 billion PLN to this fund by the end of the year.
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The new regulations also include regulations that force banks to stay away from the ratio Webor. The replacement and the date of its introduction are determined by decree.
According to the National Bank of Poland, For the banking sector, the cost of “credit holidays” granted in 2022-2023 may reach PLN 20 billion.If they are used by all qualified persons.
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