Lincoln
Symfony!
   Return to subtopic
Topic / Subtopic:
Financing System /
Regulatory Aspects

Year 2023
Country Panamá
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 SBP
Note La respuesta de la SBP fue sí, sin embargo no se brindaron detalles.
Date Junio 2024