The Mortgage Credit Directive has been published in the Official Journal of the EU.

The purpose of the Directive is to lay out a common framework for certain aspects of the laws, regulations and administrative provisions of Member States concerning agreements covering credit for consumers secured by a mortgage or otherwise relating to residential immovable property, including an obligation to carry out a credit worthiness assessment before granting credit.

The Directive enters into force on the twentieth day following its publication in the Official Journal.

Member States shall adopt the necessary measures to transpose the Directive into their national law by 21 March 2016. Member States shall apply such measures from that date.

View 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, 28 February 2014