How has European Private Law responded to the property and mortgage markets crisis? And in what way is this reaction likely to model domestic systems? The financial and economic crisis that has marked the beginning of the century has had a devastating effect on the property and mortgage markets in many Member States of the European Union. Despite this, the European legislator took its time to respond. This book analyses the impact of the Mortgage Credit Directive (Directive 2014/17) in twelve...

The experience of the Member States in implementing and interpreting the laws that transpose the Mortgage Credit Directive (MCD) serves as a good illustration of the gaps that the law has successfully addressed. However, it also highlights other areas where changes are still necessary and require prompt attention. Although consumer protection and financial stability must continue to be the fundamental principles guiding any legislative action, the regulations need to be adapted to address the...