A corresponding amendment to the law was passed yesterday, Wednesday, by the Council of Ministers and now has to go through Parliament. In the future, life expectancy should no longer play a role in lending, said Justice Minister Alma Zadic and Senior Citizens Council President Ingrid Korosec.
Formally, it is an amendment to the Mortgage and Real Estate Act. This was presented in November. Because there were still technical changes due to the assessment, the planned entry into force has been delayed. The original target date was April 1st, but now it should be May 1st.
According to Zadic, the principle must apply that pensioners receive a loan if good collateral is available. This means that life expectancy can no longer be an obstacle if the sum is covered. It is clear that in the event of death, collateral such as a condominium or house would have to be high enough to cover a loan.
