Assessment of the Royal Decree-Law on Urgent Measures for Consumer Protection Regarding Floor Clauses
- The entities associated with CECA express their commitment to actively collaborate with the Government and other authorities for the effective implementation of the Royal Decree-Law approved today by the Council of Ministers. In particular, the entities will adjust the procedures and mechanisms they were already implementing to meet the requirements of the new regulation.
- The entities associated with CECA view positively the measures aimed at facilitating the establishment of extrajudicial channels for resolving disputes related to mortgage loans with “floor clauses.” The new regulation will allow for tailored solutions to each specific case.
- The banks and savings banks of CECA work every day to facilitate access to mortgage credit for the entire society. The good functioning of the Spanish mortgage system, characterized by competitive interest rates and long terms, has favored access to home ownership for millions of Spanish families in recent decades. To preserve this model and ensure its stability, it is necessary to continue guaranteeing legal security in the contracting process.
