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

Series: Miscellaneous.

Author: Banco de España.

Summary

The Guideline of tools for mortgagors experiencing financial hardship sets out, in a detailed and clear manner and with illustrative examples, the content of: (i) the Code of Good Practices of Royal Decree-Law 6/2012, which establishes a set of measures to alleviate the mortgage payment burden on eligible vulnerable mortgagors; and (ii) the new Code of Good Practices envisaged in Royal Decree-Law 19/2022, which contains certain relief measures available until end-2024 for households affected by the rise in the EURIBOR. The Guideline also includes other measures available to a broader set of debtors experiencing difficulties in meeting their debt payments.

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

This Guideline is available only in Spanish.