Regulatory Alerts2026-03-13
Added · Updated
A New Draft Law on Mortgage Credits: Greater Transparency and Consumer Protection
The National Financial Market Commission (CNPF) of Moldova has drafted a new law on residential mortgage credit contracts to harmonize national legislation with the European Union acquis and adapt to recent real estate lending market developments. The proposal mandates stricter pre-contractual and contractual disclosure rules, grants borrowers the right to convert foreign-currency loans, caps late fees based on contract duration and borrower circumstances, and requires lenders to notify defaults immediately and periodically. Additionally, the draft establishes minimum timelines before foreclosure, allows direct property sales to settle debts, improves legal safeguards against abusive debt collection, and imposes strict conduct, competency, and remuneration standards for lenders and credit intermediaries.