Regulatory Alerts2017-06-27
Law No. 189-11 for the Development of the Mortgage Market and Trusts in the Dominican Republic
The National Congress of the Dominican Republic enacted Law No. 189-11 to establish a unified legal framework for developing the mortgage and securities markets, specifically introducing the trust figure to facilitate long-term housing financing. The legislation mandates the creation of financial instruments such as mortgage-backed securities and securitization to channel capital market resources toward affordable housing projects. Additionally, the law implements fiscal incentives, streamlines judicial procedures for real estate execution, and establishes strict regulatory oversight to protect investors and ensure market stability.
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