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Chamber of Deputies Approves Bill for UVA Mortgage Loans in Argentina

While the Rental Law will have to wait for solutions, the Chamber of Deputies approved the bill to address the situation of those who have UVA mortgage loans and will now go to the Senate.

To discuss this issue, we contacted Damian Di Pace who expressed that, “The problem is not mortgage credit, but inflation” and added that it is not the adjustment modality either, “because if indeed inflation had slowed down since they took the loans, we would not be facing this situation”.

According to Of peaceThere are about 95,000 Argentines who have UVA credits, which since 2020 in the pandemic have been promised that they would somehow try to change this formula”.

What was discussed in Deputies

In Deputies, the interviewee assured that it was resolved “change 2 issues”. In the first place, the income ratio that, until now, could not exceed 35% of the policyholder’s income. “They are going to drop 5% in this new opinion,” he assured Of peace.

And the second question, according to the interviewee, is that “The indexing mechanism will be modified, which will be by RIPTE”, where “once a month it is seen how the salaries are adjusted in average private salary, registered public salary and unrecorded salary”.

Regarding the situation of the contracts already taken by Crédito UVA, Of peace expressed that, “youThey will also go down and it will be retroactive”. And he added:The measure tries to make it retroactive and from there you have a sanction in the Senate and then regulation”.

Referring to the problem of Rental Law, Of peace He expressed: “This was an opposition law because it was sanctioned in Deputies with the previous government, and a law of the ruling party because it was sanctioned in the Senate with the current ruling party.” “Politics got too into the market to such an extent that it spawned this,” he concluded.

2023-07-07 23:41:33
#Law #Rents #UVA #credits #aspects #dealt #Congress

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