Regulatory Alerts2001-01-01
Real Estate Financing Law No. 148 of 2001 (Updated 2014 Edition)
The Financial Regulatory Authority enacts and regulates Real Estate Financing Law No. 148 of 2001, establishing a comprehensive legal framework for mortgage financing activities, defining eligible entities, financing agreements, property registration, enforcement procedures, and the licensing and supervision of financing companies. The law mandates strict creditworthiness assessments, grants tax and fee exemptions for financing transactions and registrations, and outlines detailed auction processes for defaulted properties while repealing outdated provisions to align with modern financial standards. It further establishes the Egyptian Real Estate Financing Union to coordinate industry efforts and subjects all financing operations to the Authority’s direct oversight, executive regulations, and professional auditing requirements.