bolånedirektiv

The bolånedirektiv, or Mortgage Credit Directive (MCD), is a legislative act of the European Union that aims to harmonize rules and regulations for mortgage credit in member states. Its primary goal is to create a more integrated and safer European market for mortgage loans. The directive sets out common standards for consumer protection, transparency, and the authorization and supervision of mortgage credit providers.

Key aspects of the bolånedirektiv include enhanced pre-contractual information requirements, ensuring consumers receive standardized and understandable information about mortgage products before they commit. This includes details on interest rates, fees, repayment schedules, and the total cost of the loan. It also introduces requirements for creditworthiness assessments, obliging lenders to thoroughly evaluate a borrower's ability to repay the mortgage.

Furthermore, the directive addresses issues related to mortgage intermediation, setting standards for mortgage intermediaries to ensure they act in the best interests of consumers. It also provides frameworks for the supervision of credit institutions and other mortgage providers, aiming to ensure their financial stability and adherence to consumer protection rules. The bolånedirektiv came into effect in March 2016 and has been transposed into national laws by EU member states.