Consultation on implementation Act Mortgage Credit Directive

Consultation on implementation Act Mortgage Credit Directive

On the 21st of May, The Dutch minister of Finance has started a consultation link, in Dutch on the implementation Act Mortgage Credit Directive (2014/17/EU) (link). The consultation will run until 18 June 2015. The directive introduces new rules for providers of and intermediaries in mortgage credit. Important are the introduction of a standardized information sheet and the possibility for intermediaries to benefit from a passport regime which allows them to provide cross border services. The directive should be transposed into national law by March 2016. Credit providers and intermediaries need to comply with these new rules by then.