Press Release: Housing loans: more than 3 600 institutions have signed up to the European Code of Conduct, promising to keep customers better informed

The Voluntary Code of Conduct on housing loans came into effect on 30 September 2002 with more than 3 600 mortgage lending institutions already agreed to comply with it. The purpose of the Code, drawn up by the European Union in March 2001, is to guarantee that consumers receive transparent and comparable information on housing loans in order to encourage cross-border competition.

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http://ec.europa.eu/comm/internal_market/en/finances/lending/index.htm http://ec.europa.eu/comm/internal_market/en/finances/lending/index.htm

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