Poland’s MP Paulina Hennig-Kloska will not represent the applicants of the credit holiday bill from the Poland 2050-TD group, a notice posted on the Sejm website on Monday confirms.
The amendment appoints Rafał Kasprzyk, a Member of Parliament, to stand for the petitioners in the work on this bill.
– the statement from MP Paulina Hennig-Kloska reads.
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The bill amending the law on crowdfunding-financed financial support for business ventures and assistance to borrowers was submitted by the Polish 2050-TD MPs at the end of November.
According to the proposal, loan waivers would be available in 2024 if the borrower’s expenses related to monthly mortgage payments exceed 40 percent of the average monthly income.
Who is the project aimed at?
The authors state that the proposed solution will ensure that the suspension of loan repayments helps households for whom the burden of higher loan payments is substantial and who struggle to meet loan obligations and other commitments.
They argue that the measure is socially just, directing support to those in real need and aligning with economists’ recommendations.
– emphasized the proponents.
In mid-November, a government draft amendment to the law on credit holidays was submitted to the Sejm and was adopted again by the Council of Ministers. The plan adds eligibility restrictions compared with current rules. Borrowers would generally qualify if the loan’s principal did not exceed PLN 400,000.
For higher principal amounts, up to PLN 800,000, suspension would be possible if the share of monthly capital and interest payments relative to the borrower’s average monthly income exceeds 50 percent. This approach mirrors conditions designed to help borrowers access the Borrower Support Fund.
The holiday for loan repayments was slated to begin in mid-2022. In 2022 and 2023, borrowers could suspend four mortgage payments per year, though the previous regulations did not cap the loan amount eligible for suspension.
gah/PAP