Position Papers

CNUE identification number in European Commission’s Register of interest représentatives: 9108490742-26

Position Paper concerning the Proposal for a Directive on Credit Agreements relating to Residential Property

Brussels,

The CNUE has taken note of the proposal for a Directive of the European Parliament and of the Council on credit agreements relating to residential property and it welcomes this initiative. The CNUE has examined the proposal based on the experiences of the notaries of Europe who are all at the heart of the implementation of mortgage funding in their respective countries. Following this examination, the CNUE would like to underline that the involvement of the notary, a legal professional and trusted third party with whom the majority of Member States entrust the mission of authenticating mortgages, is fully in line with the Commission’s concerns about consumer information.