SANTO DOMINGO – If the wording proposed in the General Bill on Real Estate Rentals and Evictions , which is being processed in the Chamber of Deputies, is approved without the necessary adjustments, it will place banking entities in a position analogous to the current process of filing foreclosures, warns the Association of Banks of the Dominican Republic ( ABA ).
In a letter addressed to Congressman Amado Díaz Jiménez, president of the Special Commission studying the proposal, the entity warns that such seizures are frequently used without clear criteria or adequate mechanisms of prior legal control, generating abuses and distortions that translate into legal uncertainty and economic damage.
He called on the members of the Commission to thoroughly review Articles 15 and 16 of the bill, to ensure that the objective of protecting the tenant and the landlord does not result in an undue transfer of functions and responsibilities to financial entities.
We reproduce the letter sent by the ABA to the Special Commission studying the project in the Chamber of Deputies:
