A Greek bill that sets new rules for loan servicers, the firms that manage bad loans for their owners, is in committee in Parliament, with its next session on 3 November 2026. The finance ministry says fines would reach €500,000. It is a tabled bill, not law.
The Ministry of National Economy and Finance filed the bill on 26 October, according to the Hellenic Parliament’s bill page. Its title starts with stronger supervision of serviced loan claims and protection of consistent borrowers. It also covers the taxation of crypto-assets and government accounting. The Standing Committee on Economic Affairs met on 29 and 30 October and meets again on 3 November. No plenary date is listed.
The bill text includes articles on protecting consistent borrowers from collection actions, a cap on interest charged on claims and a standardised settlement proposal before a property auction. A new bilateral settlement procedure follows in articles 18 to 34. Articles 35 and 36 would allow up to 120 instalments for debts to the tax authority and social security.
The ministry gives the main figures in an interview it published on 1 November (ministry release). According to the ministry, funds and servicers that break the rules would face fines of up to €500,000. The down payment in a direct bilateral settlement would be capped at 15%; the ministry says requests had reached 50%. Servicers would have to give borrowers detailed information on their loans free of charge.
In the same interview, Deputy Minister Dimitris Markopoulos said the government had decided to withdraw article 23. The text on the Parliament’s bill page had not yet been amended. That article dealt with signing a settlement agreement and the consequences of default. He said it did not automatically turn the original loan contract into an enforceable title or automatically lead to an auction.
What it means for buyers
The bill governs how servicers treat borrowers, including the steps before an auction. Its article headings do not mention ENFIA, transfer tax or the Real Estate Value Bank. The pre-auction steps in article 17 would apply only once the final law is published in the Government Gazette. Buyers should confirm how this applies to them with a Greek lawyer or accountant.
What happens next
After committee, the bill goes to the plenary for debate and a vote. Its text can still change, and it takes effect only once published in the Government Gazette.
