Casilda Echevarría assured that as a result of this, credit rates must now be higher, which will affect future clients.
The president of the Mortgage Bank of Uruguay (BHU), Casilda Echevarríaestimates that the law for debtors in Resettable Units (UR) which was recently approved by the Parliamentwill cost the public bank in the order of 400 million dollars and will impact increases in interest rates. mortgage credits for future clients.
The leader had previously expressed on several occasions the inconvenience of the approval of the, at that time, bill for debtors in UR with the National Housing Agency (ANV) and the BHU, which underwent some modifications during its time through the Chamber of Deputies.
“(The law) is not even focused on those who need it most,” he commented. Echevarria to Telemundo. The regulations established an extinction of credit for those debtors who have amortized at least 35% of the payment in a period of 40 years.
Yesterday, through her debt? Queer”.
“There are people who did not pay even 35% of the original loan”
Likewise, he explained that “it is established in Deputies that those who have acquired a property for 80,000 dollars, in today’s values, 300,000 dollars, are exonerated from the balance upon turning 40 years old.” “Where is the targeting with social criteria? The (Housing) Commission came with a limit of 180,000 properties at today’s value,” he pointed out in this regard.
Echevarria insisted that what was originally claimed by the debtors in UR was that the initial loan had been paid several times, and that “now we are saying that there are going to be people who are harmed because they did not pay even 35% of the loan original”.
“The argument is quite incongruous,” he noted, adding that “debts are no longer going to be financed in such a long term because there could be a lobby and they could forgive your debts.”
Source: Ambito
