On October 30, Instruction BdP 24/2023 was published, setting out the duties to be observed by institutions under the regime for the temporary fixing of housing loan installments, created by Decree-Law no. 91/2023, and the temporary interest subsidy regime, approved by Decree-Law no. 20-B/2023.
The instruction sets forth, among other aspects:
- The obligation for lenders of credit agreements intended for the purchase, construction or carrying out of work on a permanent home to make information available to the public on the system for temporarily fixing the installment and on the system for temporarily subsidizing interest;
- An harmonized model for lending institutions to transmit the legally required information;
- Monthly reporting communication obligation from lending institutions to the Bank of Portugal.
The Instruction BdP 24/2023 enters into force today.
