Regulatory Alerts2017-11-16
Added
Approval in principle and maintaining the interest rate
The Proper Conduct of Banking Business Directive no. 451 is amended to extend the period for loan applicants to provide required documents from 12 days to 24 days. An exception is established for loans not requiring a new pledge, where the approval in principle period remains at least 12 days. These provisions apply to banking corporations and take effect three months from the publication date.
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