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E’ of 2015 the signature of Memorandum of Understanding to encourage the suspension of payment of mortgage instalments Between HELP, Department of Civil Protection at the Presidency of the Council of Ministers and 14 Consumer Associations which aims to support families affected by calamitous events.
The issuance of the order is decisive Civil protection, in which explicit reference is made to the aforementioned agreement, to ensure timely interventions in favor of populations affected by natural disasters.
About it to the suspension of payment of mortgage instalments is expected by the holders of mortgages relating to the vacated or unusable buildings, or the management of commercial and economic activities, also agricultural, carried out in the same buildings the presentation of a self-certification of the damage suffered.
These have the right to ask credit and banking institutions, until the aforementioned property is usable or habitable and in any case no later than the date of termination of the state of emergency, a suspension of the installments of the same mortgages, opting between suspending the entire installment or suspending only the principal amount.
Within thirty days from the date of entry into force of the aforementioned ordinance, banks and financial intermediaries must inform borrowers, at least through a notice displayed in branches and published on its website, the possibility of requesting suspension of installments, indicating repayment times and costs of suspended payments calculated based on the provisions of the Agreement, as well as the deadline, not less than thirty days, for the exercise of the right of suspension.
Italy is a country with a fragile and vulnerable territory subject more and more often to events hydrogeological instability and floods, drought and summer fires, seismic events.
Let's see what the events in the last year have been that have needed to be triggered the operation of the suspension of payment of mortgage instalments (in some cases even with subsequent extensions of the period, still in force):
- As a result of adverse weather conditions that, starting from May 1st 2023, they hit the territory of the provinces of Reggio-Emilia, of Modena, of Bologna, of Ferrara, of Ravenna and Forlì-Cesena and Rimini;
- As a consequence of the serious fires and the exceptional heat wave that starting from 23 July 2023 they affected the territories of the provinces of Catania, of Messina, of Palermo and Trapani;
- As a result of exceptional meteorological events occurred in the days since 24 October to 5 November 2023 in the territory of the Autonomous Region of Friuli-Venezia Giulia;
- As a result of exceptional meteorological events occurred in the days since 23 October 2023 at the beginning of November 2023 in the territory of the Provinces of Piacenza, of Parma, of Reggio Emilia, of Modena, of Bologna and Ravenna;
- As a result of exceptional meteorological events that, starting from the day 2 November 2023, they hit the territories of the provinces of Florence, Livorno, Pisa, Pistoia and Prato.
Caution: the suspension does not entail the application of commissions or investigation costs, the modification of the rates/spreads applied to the mortgage, the request for additional guarantees
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Alex Gaetani