Traduction de «Emprunt garanti par un bien immobilier » (Français → Anglais) :

Honourable senators, businesses are required to provide all sorts of information on their financial situation, loans, the value of real estate and assets as well as salaries. Unions are required to provide, for the fiscal year, all transactions and all disbursements the cumulative value of which is $5,000 and a statement of accounts receivable.

With regard to (b), under the current rules for taxpayer-backed insured mortgages, a line of credit secured by the borrower’s home, such as a home equity line of credit, HELOC, cannot exceed 80 per cent of the value of the home.

The Court of Justice rules, first, on the inclusion by the Member States of consumer credit agreements secured by immovable property in the material scope of a national measure transposing the directive, although the directive excludes them from its own scope. The Court points out that the Member States may, in accordance with EU law, apply the directive’s provisions to areas not covered by its scope. Thus, they may, for credit agreements which do not fall within the directive’s material scope, such as, in the present case, credit agreements secured by immovable property, maintain or introduce national measures that correspond to the pro ...[+++]visions of the directive or to certain of them.

loans secured by commercial real estate or shares in Finnish housing companies as referred to in point 52 up to the lesser of the principal amount of the liens that are combined with any prior liens and 60 % of the value of the pledged properties or by senior units issued by French Fonds Communs de Créances or by equivalent securitisation entities governed by the laws of a Member State securitising commercial real estate exposures.

loans secured by residential real estate or shares in Finnish residential housing companies as referred to in point 46 up to the lesser of the principal amount of the liens that are combined with any prior liens and 80 % of the value of the pledged properties or by senior units issued by French Fonds Communs de Créances or by equivalent securitisation entities governed by the laws of a Member State securitising residential real estate exposures.

It was not purely for housing purchases, but was related to the housing markets in two ways: first, conventional mortgages, and second, personal lines of credit that have been secured against houses, the so-called home equity loans.