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Supreme Court Approves Real Estate Law for Pledged Properties
The Supreme Constitutional Court ruled that the Real Estate Financing Law does not violate the constitution, and allowed its provisions to be applied to mortgaged properties held by banks. This aims to provide quick legal mechanisms enabling banks to execute on defaulting borrowers, thereby helping to protect deposited funds and ensure economic stability. The rulings are based on principles of property rights and equality, emphasizing the importance of real estate financing in supporting the economy.
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