Senators okay sanctioning real estate developers who use buyers' money for other purposes

Real estate developers who use real estate buyers' money for other purposes risk being sanctioned with 1% of their turnover, according to an amendment admitted to the bill to supplement Article 22 of Law no. 10/1995 on quality in construction, passed by the Senate on Monday.The bill was adopted with 84 votes "for", nine "against" and 28 abstentions.Members of the Senate's Legal and Administration Committees recently admitted several amendments, ...

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