Mortages Bill Was Approved by the Ecuadorian Assembly

Financial entities in Ecuador will have a new regulation, after the plenary session of the Assembly approved the Bill regulation for housing or vehicle loans. With 68 affirmative, one negative, one white vote, and 21 abstentions, the Assembly yesterday approved the project on an...
Mortgage-Reform

Ecuadorian Main Assembly Begins Mortgages Bill Review

Diferent points of views in favor and against the Bill of mortgages were recorded yesterday in the Economic Commission of the Main Assembly during the first meeting for the socialization of the project bill for the Housing Credit Regulation (Mortgage Act). The discussion of the...
Law of Mortgages

New Mortgage Bill is Discussed in the Main Ecuadorian Assembly

As an urgent economic matter, President Rafael Correa presented the new Law for the Regulation of Housing Credits to the main assembly. In the project it is considered an abuse that, in case of default, financial institutions can collect the debt through the ownership of personal...