According to the new provisions, program beneficiaries who own a house purchased or built within the Program, can purchase a new house in the Program with cumulative fulfillment of the following conditions:
a) new house to be purchased under the Program must have an usable area larger than the house originally purchased or built within the Program, or the amount of the new house resulting from the evaluation report to be higher than the appraised value at the time of granting the loan for the house purchased or built initially under the program;
b) the house purchased or built initially under the program to be alienated by sale-purchase no later than the date of conclusion of the sale-purchase agreement of the new house;
c) the initial loan granted under the Program to be closed until the conclusion of the sale-purchase agreement of the new house in the program or to be refinanced through granting of the second loan under the program, for acquiring a house that meets the conditions set forth in art. a);
d) at the date of application of the second loan, the beneficiary of the Program, individual, states, that whether he exclusively or jointly with his husband or wife owns maximum one house, the one acquired or built under the program, which is to be sold no later than the closing date of the sale-purchase agreement of the new house, or either he declares that he exclusively or jointly with his husband or wife owns one house, acquired in any other way than through the program, with usable area less than 50 square meters and a second house, the one acquired or built originally in the program, which is to be sold no later than the closing date of the sale-purchase agreement of the new house within the Program.
Notwithstanding the provisions currently in force, in the case of beneficiaries who meet the requirements above mentioned, the financier, in agreement with the Ministry of Finance will approve the alienation of the house originally purchased or built within the Program and temporary lifting of the encumbrance, even before the expiration of the five years of the prohibition of alienation of the house, provided by the liquidation or refinancing of the initial loan.
Change of the legal provisions concerning the “First House” Program is founded, according to the Note Project on the fact that, the period of time granting the credit is very high, of 30 years, during which the necessary living space of families changes .
The draft emergency ordinance does not apply currently, but is in the public debate. It must be approved by the Government to enter into force.