Home debt law stalled to protect vulture sales

Home debt law stalled to protect vulture sales

The Department of Finance and the Central Bank have said that provisions in the Courts and Land and Conveyancing Amendment Bill could 'jeopardise' future loan sales

A new law to protect homeowners facing repossession has stalled after the Central Bank and Department of Finance said the new measures could threaten the ability of banks to sell off bad loans to private equity firms, including vulture funds.

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