Under the proposed amendment, the FX law would not apply either to debtors who had paid back their loans through an earlier government scheme or to ones who received assistance from the National Asset Manager in repaying their debt.
The law, expected to be passed by the parliament by the end of the week at the latest, will stipulate that lawsuits and foreclosure proceedings shall be suspended until the end of the year, according to reports. The law is to apply to loans signed on or after January 1, 2004.
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