New bills aim to protect homeowners from eviction
By Poly Pantelides
PARLIAMENT’S legal affairs committee yesterday discussed two bills aimed at protecting home owners and smaller businesses from repossessions as laid out in the terms of the Memorandum of Understanding (MoU) Cyprus has signed with its lenders as part of a €10 billion bailout.
The bills, submitted by EDEK, aim to stop banks from seizing primary residences as collateral for non-performing loans of up to €300,000, as well as protecting property belonging small to medium sized enterprises (SMEs),...
(Source: Cyprus Mail)
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