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Business Miscellaneous in Business . 4 months ago
The Mortgage Credit Directive (MCD) is a body of European legislation for the regulation of first- and second chargemortgages and consumer buy-to-let (CBTL) lending. It was originally adopted by the European Commission on 4 February 2014 and Member states had to transpose the regulations in their national law by March 2016.
The Directive introduces a European framework of conduct standards for firms selling residential mortgages.
The objective of the Directive is to create a Union-wide mortgage credit market, with a high level of consumer protection.
Posted on 10 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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