New pro­tec­tion for people tak­ing on mort­gages: The Aus­tri­an mort­gages and real-es­tate cred­it act

The mortgages and real-estate credit act (Federal Law Gazette I 2015/135) implements the Directive on Residential Property Credit Agreements 2014/17/EU, which deals with credit agreements for consumers buying residential immovable property. The consumer credit act remains in force but is no longer to be applied to cases subject to the mortgages and real-estate credit act.

Complete article in German

Authors

Picture of Günther Hanslik
Günther Hanslik
Partner
Vienna
Picture of Anna Konopka
Anna Konopka
Attorney-at-Law
Vienna