There has been published in the Official Journal of the EU a corrigendum to the Mortgage Credit Directive.

The corrigendum corrects a reference in Recital 26 to the International Valuation Standards Council, previously referenced as the International Valuation Standards Committee. Additionally, the corrigendum corrects a reference in Annex II, Part B, Section ‘4. Interest rate’ and other costs, to the calculation of annual percentage rate of charge in accordance with Article 17(5), previously referenced as Article 17(4).

View Corrigendum to Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010, 23 September 2015