Rents: End of the fazes – Tenant monitoring register is coming – 2024-09-04 21:24:35

Block in the face of unpaid rents for property owners brings the new Big Brother of private debt prepared by the government.

Stories of defaulters who changed one house after another, leaving even a “fez” to the owner, will be a thing of the past.

Rents, electricity bills, water bills, loans, all citizens’ debts will be recorded in this new “Teiresia”.

So before the potential tenant declares his interest in a property, the owner will have the opportunity to check his transactional profile – To be precise, how he paid the previous owners.

The effort that will be made by the government is to determine the black hole of private debt and not only that, as its evolution will also be monitored.

It is a project that has been included in the Recovery Fund and the “first” steps of this project have already been taken.

The Information Society M.A.E. has already proceeded to carry out an electronic international tender for the project “Development of a Private Debt Monitoring Register Information System” of the “Greece 2.0” Recovery & Resilience Fund, with a budget of 1.145 million euros.

The scope of the project concerns the development and operation of an Information System of the Private Debt Monitoring Registry.

Based on this system, it will be possible to collect data from public and private sector creditors, regarding the existing debt, as well as to process this data.

What will the Registry record?

The Private Debt Monitoring Register will include data from public and private credit providers (banks, the State, Local Government Organizations and their businesses, legal entities of all forms), in order to determine as accurately as possible the total amount of private debt (serviced and non) and its fluctuation trends.

The Register will record non-personalized information on the debts of natural and legal persons, past due and not, and in particular: the nature of the debt, the basic terms of the debt, (initial and current amount, surcharges and fines, repayment period, interest rate) and any their changes, the real and collateral security of the debt and their valuation, the payments made, the time of the payments and the current balance of the debt, arrangements of the debt and information on the course of legal disputes between the debtor and creditors, administrative or compulsory measures of execution received, as well as the course of their judicial challenge.

General details of the debtors will also be recorded which will not allow their identification.

Specifically, for natural persons, age, place of residence and work, profession are recorded, and for legal persons, branch of activity, registered office, size.

Where will data be obtained from?

The Register will be interconnected with Teiresias, the Central Credit Register of the Bank of Greece and the Integrated Information System of the Independent Credit Evaluation Authority and will be maintained at the General Secretariat of the Financial Sector and Private Debt Management which will prepare a Private Debt Management Report every six months.

In the context of the processing of the above information and their correlation with economic indicators, a Private Debt Management Report will be prepared, which will include analysis and forecast data for the implementation of policies that will facilitate the planning of a public strategy for the effective management of private debt.

Source: ot.gr