Lower House passes amendments to debt discharge law
Publicat:The Chamber of Deputies adopted on Wednesday the bill amending the Law on debt discharge by selling off property in order to pay off loan liabilities, which provides, among others, that the 'datio in solutum' is automatically approved if the borrower's indebtedness is at least 20 percent above the maximum indebtedness rate set by the National Bank of Romania (BNR).
The bill cleared the Lower House by a vote of 171 to 94 and 11 abstentions.
The bill provides that there is always a situation of hardship: if the borrower's indebtedness exceeds the upper rate of indebtedness set…
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