Sale of a borrower's property with mental disability was canceled

The cancellation of the process of selling a property belonging to a borrower with a proven mental disability was secured by the Financial Commissioner Pavlos Ioannou, who is proceeding with the issuance of a final decision on whether the cancellation of the loan is justified as a result of two illegal loans. cooperative credit institution (cooperative institution).

According to an announcement by the Office of the Commissioner, KEDIPES replied that the auction process has been canceled.

"The peculiarity of this complaint is that the debtor (hereinafter" the complainant ") is a person with a fully established mental disability, who received two loans from a former Cooperative Credit Institution (hereinafter" the API ")", refers.

He notes that on the basis of the complaint, the API illegally granted both loans to the complainant, as he knew in advance both his state of health and his educational level and that the complainant's representative claimed that the amounts of the disbursed loans never reached the possession of the complainant and that on the contrary they were reaped by third parties, who seem to have taken advantage of him.

The Financial Commissioner notes that after the cancellation of the planned sale process, he proceeds to issue a final and complete decision, "with the ultimate objective of examine whether the complainant's loan write-off is justified, as a result of the possible illegal concession by the API of both loans, due to its indisputable incapacity for legal action ".