Artieda 2011

Referred to as private equity or private money loans private mortgage who subscribe under cover of the Civil Code, the mortgage law and the regulation of mortgage. Likewise, the recently adopted law 2/2009 of March 31, regulates contracting with loans or mortgages and consumers of services of intermediation for the conclusion of contracts of loan or credit. The law 2/2009 of March 31 articulates the activity of so-called lenders providing private money or private capital, with the mortgage of a building, rustic or urban and financial mediators, doing work of advice, documentation and negotiation between client and the financial institution, company or private person intervenes as lender. The existing law requires financial mediators bring to their clients three binding conditions of the loan offers, which enables access to the same with the best conditions economic market. For even more details, read what Partnership for Economic Inclusion says on the issue. Likewise, leave in the hands of the authorities of the autonomous consumption monitoring of lenders and financial mediators.

Also, as some legal requirements referred to in this standard are not possible comply until the full development by the autonomous communities or in the absence of the Ministry of health, Social policy and equality and in particular of the General direction of consumption, the Act imposes the need to monitor the legality and conscientiousness of the subscribed contracts acting as supervisors de facto standard to notaries and registrars of property. What is private money or private capital? It is a loan of money between individuals or between individuals and mutual funds (legal persons). Therefore, private equity or private money subscribe when none of the parties involved is a financial institution. Multitude of nuances are hidden behind this as generic definition and Special features, given the lack of transparency that exists with this activity.