A voluminous tax bill passed by the government majority on Sunday evening includes stipulations for the operation of companies managing non-performing loans in Greece, with the firms coming under an European Union framework.
Additionally, such companies will be obliged to submit alternative proposals for restructuring loans before proceeding with whatever legal actions.
Licensing will be granted by the Bank of Greece.
Another eyebrow-raising change in the bill foresees that the fee charged by the state-run title registry for transferring mortgages increases from 100 euros to 2,500 euros, paid by the management company.
NPLs of all varieties in Greece are now calculated as exceeding 100 billion euros.
