2023-04-26 03:02:43
Number 1 of this article is of public order and social interest and will have retroactive effect until January 1, 2023.
The plenary of the National Assembly approved in the third debate project 1009 that modifies Law 3 of 1985, which establishes a preferential interest regime in certain mortgage loans and dictates other provisions.
The document establishes in its transitory article 5 that the preferential mortgage loans that are granted from the moment of the promulgation of this law, until August 1, 2028, will receive the benefits of Law 3 of 1985, except for the exceptions established in the standard.
For the purposes of article 5 of Law 3 of 1985:
1. In the case of numeral 1, this benefit will be applicable from the promulgation of this law for homes that have an occupation permit until August 1, 2028.
2. In the case of numerals 2 and 3, homes whose occupancy permits were issued from January 2017 to the date of promulgation of this Law will also be eligible for this benefit, only for mortgage loans that are granted up to on June 30, 2024.
Number 1 of this article is of public order and social interest and will have retroactive effect until January 1, 2023.
Meanwhile, the approved article 2 establishes that article 5 of Law 3 of 1985 remains as follows: “The difference between the reference rate and the lower rate than that which, discretionally and effectively, the creditor charges on each of the loans prime mortgages is called the prime tranche.
The aforementioned preferential tranche may not exceed: 4% in housing loans, for a 10-year non-renewable period, whose registered value at the time of financing is greater than forty-five thousand dollars and does not exceed one hundred and twenty thousand dollars.
It will be 2.2% in loans for vertical multi-family homes, for a non-renewable period of 5 years, whose registered value at the time of financing is greater than one hundred and twenty thousand dollars and does not exceed one hundred and fifty thousand dollars nationwide.
In addition, it will be 1.5% in loans for vertical multi-family housing, for a period of 5 non-renewable years, whose registered value at the time of financing is greater than one hundred and fifty thousand dollars and does not exceed one hundred and eighty thousand dollars nationwide.
In the case of home loans whose registered value at the time of financing is up to forty-five thousand dollars, the aforementioned preferential tranche will be equivalent to the reference rate established over time during the term of the mortgage benefit.
Consequently, the State will pay 100% of the preferential interest to the persons and entities referred to in article 1 of this Law.
According to the approved norm, the following are excluded from the preferential mortgage regime: Real estate with a registered value of more than one hundred and eighty thousand dollars, financing in installments by one or more purchasers on the same property, that totally exceeds one hundred and eighty thousand dollars and financing for the purchase or construction of new homes, whose borrowers are beneficiaries of this regime.
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