Adicae will monitor that the bank complies with the mortgage law
The president of Adicae, Manuel Pardos, has lamented the uncertainty that the new law has generated both in banking and in consumers, and has criticized that it is a rule “that does not satisfy anyone.” The association considers that the possible benefit of the law may remain “on wet paper”, depending on the interpretation that the bank can make of it.
In its willingness to do “everything possible so that the law is enforced”, Adicae has announced the creation of the permanent observatory for the follow-up of the new mortgage offer and the fulfillment of the obligations that the regulation imposes on the banks.
It will also conduct a round of contacts with notaries and registrars to evaluate the practical application of the role they can play for consumer rights, and will do the same with the banking sector and that of credit intermediaries.
“We want to appeal to supervisors, notaries, registrars who had a reproachful complicity with bank abuses in the previous stage,” said Pardos.
For his part, the secretary general of Adicae, Fernando Herrero, has highlighted as positive aspects of the law the clarification of expenses, general improvements in the matter of information and the previous registration of the models of banking contracts, which will allow the association «examine the existence of abusive clauses».
Adicae will present in the coming days a guide to help the consumer to face the contracting of mortgages in the new framework and a decalogue of warnings and recommendations.