Guideline of tools for mortgagors experiencing financial hardship (RDL 6/2012 and RDL 19/2022)

Serie: Miscellaneous.

Author: Banco de España.

Summary

The Guideline of tools for mortgagors experiencing financial hardship incorporates in a detailed and clear way, as well as using clarifying examples, the content of the Royal Decree-Law 6/2012 Code of Good Practices, that establishes a set of measures to alleviate the burden that mortgage payments place on the vulnerable mortgagor that fulfill certain requirements; and the new Code pf Good Practices set by the Royal Decree-law 19/2022, that offers also certain relief measures until the end of 2024 for the families affected by the Euribor increases. Additionally, the Guideline includes other actions available for a broader profile of debtors, with the common denominator of experiencing difficulties in meeting their debt payments.

Prepared by Banco de España, the Guideline is one of the actions to promote the financial education of consumers and improve transparency in their relations with financial entities.

This publication is only available in Spanish.