Hot topics: Mortgage Credit Directive
This practice note outlines the European Commission's proposed Mortgage Credit Directive (MCD) (also referred to as the Directive on credit agreements relating to residential property (CARRP)) and tracks both its progress and related developments.
The key primary source material table in this note contains links to key primary source material and related Practical Law Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.
For background to the proposed Directive and a detailed overview of the Commission's review of the EU mortgage markets, see Practice note, European Commission's EU mortgage markets review.
Please note that in the light of the text of the MCD being published in the OJ on 28 February 2014, we are in the process of reviewing and updating this note.