Bank of Portugal issued Notice No. 6/2024 to regulate the information banks must provide to clients regarding the State's personal guarantee for housing credit granted to young people up to 35 years old. This notice implements the framework established by Decree-Law No. 44/2024 and Ordinance No. 236-A/2024, ensuring transparency in the application of this specific credit regime. It applies to credit institutions and mandates specific disclosure requirements to protect consumer interests in this subsidized lending program.
Summary Regulates the provision of information to banking clients regarding the State's personal guarantee regime for the granting of credit for own and permanent housing to young people up to 35 years old, provided for in Decree-Law No. 44/2024, of July 10, and regulated by Ordinance No. 236-A/2024, of September 27.
Status: In force Publication: Diário da República DR, 2nd Series, Part E, No. 253, of 31-12-2024 Enabling Law: Decree-Law No. 298/92, of December 31, Art. 77, No. 4; Decree-Law No. 74-A/2017, of June 23, Arts. 14, No. 4, and 22, No. 3 Publication Date: 27-12-2024 Entry into Force: 28-12-2024 Descriptors: Housing Credit, State, Client, Information Provision, Bank Branch, Supervision, Conduct Supervision, Bank Guarantee, State Personal Guarantee Target Audience Type: Credit Institutions Recipients: Banks, Central Credit Cooperative Caixa, Agricultural Credit Cooperative Branches, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions
Amending/Repealing Notices Notice No. 3/2025 Notice No. 1/2025
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