The Council of the EU has published the revised text of the Mortgage Credit Directive (MCD).

The revised text reflects the version of the MCD that was adopted by the Council of the EU at first reading on 28 January 2014. The MCD is now awaiting publication in the Official Journal of the EU and will take effect twenty days following publication.

View Directive of the European Parliament and of the Council on credit arrangements for consumers relating to residential immoveable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010, 4 February 2014