- The approved Royal Decree-Law extends the suspension of the releases for the most vulnerable debtors by four years
The Council of Ministers has approved a Royal Decree-Law of urgent measures in the economic field that reinforces the protection of vulnerable groups that are at risk of mortgage eviction.
This measure extends for four additional years the suspension of releases for vulnerable debtors, which means that until 2024 no person in a situation of vulnerability can be expelled from their home for non-payment of the mortgage.
Additionally, the concept of a vulnerable group is extended, so that in addition to the mortgage holders who are unemployed or families with a member with a disability, in a situation of dependency or over 60, are included as beneficiaries of the suspension of launches to single parents with only one child.
In addition, it is established that the maximum family income level to qualify for this measure will be increased depending on the number of children.
The Royal Decree-Law also modifies the seventh additional provision of the Law on restructuring and resolution of credit institutions, to adapt the causes of dissolution of the Asset Management Company from Banking Restructuring (SAREB) to its nature.
This modification will allow SAREB to continue its functions normally until the end of its mandate, in 2027, contributing to the maximization of the value of the sale of the portfolio of assets it received in 2012, as well as to other initiatives such as the execution of a social housing promotion program, with an authorized park of 10,000 homes for social purposes.
Finally, the Royal Decree-Law extends the types of financial entities that can request their transformation into banks, including securities companies, payment entities and electronic money entities, in line with other European Union member states, which will improve The competitiveness of the Spanish economy.
