News  Sources

Knesset approves: Requirement for notarized power of attorney for mortgage registration abolished

image sourced from original article at https://www.israelnationalnews.com/flashes/675639

The Knesset has passed a bill eliminating the requirement for a notarized power of attorney when registering a mortgage. This legislative change follows a review by the Ministry of Justice, which found that the previous requirement imposed an unnecessary bureaucratic burden on borrowers. Lawmakers concluded that removing this step would simplify the mortgage registration process and reduce regulatory obstacles for those seeking loans. The reform is part of broader efforts to ease administrative procedures for citizens.

Original article source: https://www.israelnationalnews.com/flashes/675639
Source Id: 9071588280

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox