Loans, banks: there is the risk of having your home foreclosed – The Messenger

“There is the risk of having the foreclosed home, is a European directive, was not required by ABI”. I assured the president of ABI, Antonio Patuelli, commenting on the decree in question to the Finance Committee of the Chamber. “I have studied the government document – he explained – which transposes the Directive and does not cover past events but eventualities, possibilities for the future. It is one thing left to free negotiation between families and banks, and not about the past and the non-performing loans. “

Dura protest while the 5 Star Movement is now” occupied “the corridor in front of the Finance Committee to prevent the discussion of the decree legislation transposing the Directive on mortgages, exposing a sign “the house is untouchable.” After a few minutes the 5stelle released the hallway and the committee was able to start the session.

The new rules on mortgage loans provided by the EU Directive, implemented by the government and to Parliament, according to consumer groups and M5s would give more power to the banks at the expense of consumers in the event of missed or delayed payments. Accusation rejected by the Ministry of Economy who stressed that the government had a duty to transpose the EU directive on mortgages but in doing so he chose the most careful solution to the protection of the consumer-debtor, by inserting the right to be recognized any excess (with respect to debt not repaid to the bank) from the sale.

a measure not obvious and the result of the need, also underlined by the technicians of the Senate in their relationship, to remedy the potential “mismatch between parties’ stipulation in the mortgage and “respect for the equal treatment of creditors.” For technical norm it is “compatible with the Constitution and with the Civil Code.” But the only evaluation by a third of the value of the house (usually sold at less than the market price with the recovery procedures credits) could benefit the borrower so that the transfer extinguishes the debt but it might not be enough to rebalance the parties. And if the rule of the seven installments overdue already exists (provided for by the Banking Act text) what is not is the use of lengthy legal enforcement procedures, although there must be an explicit condition in the contract. Of course the rule applies only to the new ones, but then also for subrogation, which now account for a good share of funding.

It all stems from the general objective of the EU, which is already well proven in the Directive on the invoices Pa, to give time to certain payments. A norm so do not cut out for Italy and the problem of its bad loans. No coincidence that the banking sector, more or less openly accused by the opposition of having wanted the norm, do not come official comments. Many industry observers point out however as banks, especially at this stage, are not interested to take charge of properties from the depreciated value and we think well before you consider suffering the delayed loans. The great mass of suffering is in fact due to the crisis that hit construction and manufacturing while families have lower rates of default. Benefits no one in short, a wave of evictions and foreclosures, the proof are the moratoria in favor of the most vulnerable people (of which have benefited in three years more than 30 thousand families).

“To put at risk the homes of Italian is madness! We report the parties on the ground, “attack the 5 Star Luigi Di Maio and Carla Ruocco. And if Codacons speaks of state expropriation announcing a complaint Adusbef and Federconsumatori speak of bouncers usually on behalf of the bankers.

“After the European directive on mortgages – has yet explained the president of ABI – from 48 hours are stopping me and asking if all the banks shall take away the homes of not paying the mortgage and has set in motion this scaremongering. The European directive on mortgages do not talk about this, in fact it is forbidden to assume anything innovative for all mortgages, which leaves open the possibility that in the future it is not forbidden to Member States the free negotiation between banks and consumers on the clause acceleration of legal procedures for creditors defaulting on mortgages, “he continued Patuelli then reiterating:” we must avoid alarmism that is multiplied by itself in terms unjustified.

” it’s good that the financial institutions of ‘ European Union think of withdrawing Italian banknotes of 500 Euros, are a tool for easy recycling, “he then said the president of ABI. “In Italy – he added – is 500 EUR a disproportionate amount.”