Facilitate the prospects for the recovery of non-performing loans e promote and accelerate the return performing of the debtor offering him the possibility of being able to extinguish his debt at a reasonable, discounted price, while at the same time making the assignee creditor achieve a fair profit. It is the "heart" of the bill that begins its process in the Senate Finance Committee in the drafting stage. The starting point is the heavy financial and banking ballast: over one million two hundred thousand subjects, families, professionals, businesses have now deteriorated debts.
There are three subjects in the field: the banks that are forced to sell impaired loans at extremely low prices, in order to return to the limits set by the European Central Bank (ECB); debtors, often forced to sell or cease their business burdened by non-refundable debts; the financial assignees who derive ample profit margins from this situation. It's recent the alarm raised by Fabi (Autonomous Italian Banking Federation): in Italy the credit recovery times of specialized companies are too fast, hence the dangers for the holders of non-performing loans of being strangled, with the serious risk of ending up out of desperation in the hands of usurers and organized crime .
And therefore the objective of the bill being examined by the senators (first signatory Adolfo Urso, FdI) is to guarantee a "fair but limited gain" to those who hold the debt of households and businesses and, at the same time, a sort of "amnesty" for non-performing loans allowing the debtor the right to extinguish one or more of its debt positions, of a value not exceeding, individually or in total, 25 million euros with a single assignee company, by payment, in settlement of the amount due, of an amount equal to the price purchase of the position by the transferee company, increased by 20 per cent.
Of course, certain preconditions must be met: the assigned credits must be the result of the economic crises and banks in recent years (for which they must be classified as non-performing between 1 January 2015 and 31 December 2018); and must not exceed 25 million euros. The extinction of the debt will involve the automatic cancellation of the non-performing debt position from the Central Credit Register (CR) of the Bank of Italy, thus fully readmitting the debtor to the bank credit circuit.
