Following last December’s reform, which eliminated fees for ATM withdrawals for seniors and people with disabilities, the Government Gazette (BOE) published the list of entities that still comply with the mechanism.
More than 60 financial entities continue to adhere to the Code of Good Mortgage Practices for mortgage debtors at risk of becoming vulnerable following last December’s reform, which eliminated commissions on ATM withdrawals for the elderly and people with disabilities.
As published on Tuesday by the Official state newsletter (BOE), one of the main entities supporting this code are Kutxabank, Caja Laboral, Caja Rural de NavarraCaixabank, BBVA, Santander, Banco Sabadell, Bankinter, Unicaja, ING España, Deutsche Bank, Ibercaja, Evo Banco, Abanca, Cajasur, Cajamar or Open Bank, to which other companies are added, especially rural savings banks.
The Royal Legislative Decree of March 2012 on urgent measures to protect mortgage debtors without resources establishes a series of mechanisms to allow the restructuring of the mortgage debt of those experiencing extraordinary difficulties in meeting their payments.
The decision has been amended several times, the last theirs December 2023when the Council of Ministers approved to abolish the charging of commissions to people over 65 years old and people with disabilities for withdrawing cash from financial institutions.
The Code includes three action phases, the first of which is aimed at seeking a viable restructuring of mortgage debt by applying a grace period in the repayment of capital to loans or credits and a reduction in interest rates for five years. and the extension of the total depreciation period.
Source: EITB
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