Cypriot Parliament Approves Foreclosure and Borrower Protection Legislation
The Cypriot parliament approved a comprehensive package of legislation aimed at regulating foreclosures and protecting borrowers and guarantors, following a tense plenum session and passing two government bills and party proposals.
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House regulates foreclosures in tense plenum
A broad package of legislature protecting borrowers and guarantors, and regulating foreclosures and dispute resolution, was passed on Monday by parliament in a tense plenum atmosphere. The plenum approved two government bills amending the law regulating the out-of-court resolution of financial disputes and the law on the transfer and mortgaging of property. The first bill […]
Read full article →Foreclosure laws change as parliament backs borrower safeguards
Parliament approved a package of laws on loans and foreclosures on Monday, passing two government bills and a series of party proposals aimed at strengthening protections for borrowers and guarantors, regulating foreclosures and improving the framework for resolving disputes. As the House moved to debate the measures at its final plenary sitting before dissolution ahead […]
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