Changes to Foreclosure and Insolvency Laws Adopted by Parliament
April 23, 2026
The Parliament accepted changes to four laws concerning foreclosures and the insolvency framework. The changes include removing the disadvantageous position attributed to creditors and prohibiting additional securities for borrowers. The legislation also forbids imposing extra interest when the owed amount exceeds double the original debt. Attention was given to retroactive provisions and their application to new loan contracts. Additionally, judges are granted authority to make decisions regarding foreclosure notices.