| Year | 2023 |
| Country | Ecuador |
| Variable (Code) | Foreclosure on the property closes the debt (SF-3-06) |
| Methodological note | Identifies if the regulatory framework establishes for the final settlement of the mortgage debt when the property/colateral is foreclosed, even if the property is not sold or if it is sold for a lesser amount than the balance of the debt. In other words, it does not allow the lender to pursue anything other than the collateral |
| Source | JPRM / https://superbancos.gob.ec/bancos/wp-content/uploads/downloads/2017/06/L1_IX_cap_IV.pdf |
| Note | Si el crédito esta en estado castigado unicamente se ejecuta el bien y se obtiene el valor actual del mismo, siendo un ingreso para la IFI |
| Date | dez.-23 |