The process of transposing the European directive to regulate the sale of non-performing loans, including mortgages and consumer loans in default, continues to be delayed. The bill, which reached Parliament last week, was sent directly to the Committee on Budget, Finance and Public Administration (COFAP), but no date has been set for its discussion.

Parliament’s attention is currently focused on the motion of confidence in the government, which will be debated and voted on this Tuesday and which, given the opposition expressed by several parties, could lead to the fall of the executive and the dissolution of the Assembly of the Republic. If this scenario materialises, the regime for the sale of bad or non-performing loans (NPLs), which should have been implemented by 29 December 2023, will remain suspended, leaving consumers without adequate legal protection, warns Público.

Delays in implementation have already led the European Union to take Portugal, along with other member states, to the European Court of Justice.

Original story: Executive Digest | Author: Pedro Zagacho Gonçalves
Edition and translation: Prime Yield