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Government wants to introduce mortgage vacation for borrowers

31.07.2019 17:33

Government wants to introduce mortgage vacation for borrowers

YEREVAN, July 31 /ARKA/. An Armenian-government drafted bill calls for the introduction of "mortgage vacation." The bill is available on the e-draft.am electronic platform. The bill says that borrowers who appear in a "difficult life situation" are given the opportunity to take one-time mortgage vacation.

It says the lender’s obligation is to include information on the terms of mortgage vacation in the loan agreement.

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