In special session, House to revisit foreclosures
The House plenum will convene in an extraordinary session on Tuesday to revisit a bill that further renews a moratorium on foreclosures and which President Nicos Anastasiades has refused to ...
MPs extend freeze on foreclosures
Despite warnings from the government and the banking industry not to, lawmakers on Thursday passed a law further extending a freeze on home foreclosures.
This will draw out the current ...
New House offers no sign of compromise over foreclosures
Authorities and financial regulators on Monday poured cold water on a parliamentary bill seeking to further extend a moratorium on home repossessions, warning of the dangers it could pose to ...
Changes to foreclosures could backfire, EU official warns
Amendments to the foreclosure framework could backfire and destabilise the banking sector if not properly designed, an ECB official has warned.
In an interview with the Cyprus News Agency, Elizabeth ...
Government withdraws foreclosures bill after ‘damaging’ changes
The government said on Wednesday it withdrew a bill amending the courts law after opposition parties added provisions that change the foreclosures framework, jeopardising the stability of the banking sector.
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Opposition parties plan to push ahead with halting foreclosures
Opposition parties said on Monday they planned to submit amendments to the courts bill to allow borrowers to stop foreclosures.
The House finance committee left the matter open to see ...
Government urges no extensions to suspending foreclosures
The government warned opposition parties for the umpteenth time on Wednesday that changing the foreclosures legislation would have negative consequences on banks and possibly create the need for fresh capital.
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Ad hoc committee to examine foreclosures bills
The House finance committee has decided to set up an ad hoc committee to examine 13 different bills on foreclosures with the main aim of finding a common approach to the ...
MPs to expedite bill speeding up foreclosure hearings
The House legal affairs committee is expected expedite approval of a bill for court hearings relating to foreclosure cases by the end of March, its chairman Giorgos Georgiou said on ...
Bills meant to help troubled borrowers withdrawn
Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged that the proposals would achieve the opposite of ...
CBC governor urges MPs not to tamper with foreclosures framework
Central Bank governor Constantinos Herodotou on Friday urged MPs not to tamper with the foreclosures legal framework but to focus on how courts can more quickly deal with financial disputes ...
Cabinet authorises justice minister to make changes to courts bill
The cabinet authorised the justice minister on Wednesday to make any changes necessary to a bill on the operation of courts so that it includes cases relating to loans and ...