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Viable restructuring of debts secured by a mortgage on the primary residence
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Banca March, S.A. adheres to the “Code of Good Practice for the viable restructuring of mortgage-backed loans for primary residence”, approved in Royal Decree Law 6/2012, of 9 March, on urgent measures to protect low income mortgage debtors. However, in accordance with the resolution by Spain's Cabinet on 11 May 2021, Banca March would like to inform its customers that it has decided not to adhere to the Code of Good Practice for the purposes of renegotiation in the case of customers with guaranteed financing, as per Royal Decree Law 5/2021, of 12 March.
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