Govt could change early FX repayment scheme if banks' conduct requires it
Governing Fidesz will propose new amendments to legislation on a government scheme allowing early full repayment of foreign currency-denominated mortgages at a discounted exchange rate if banks' conduct makes it necessary, Fidesz MP Antal Rogán said at a press conference on Friday.
If the legislation has to be clarified, the amendments could be submitted to Parliament at the plenary session on November 3, Rogán said.
The government does not want to change the year-end deadline for indicating participation in the scheme, he stressed.
Rogán said he thought banks were in collusion in finding loopholes to prevent borrowers from availing of the early repayment scheme.
Borrowers must apply for the scheme by the end of 2011. They must complete the repayment within 60 days after submission of the application.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.