Download or read book Mortgage Credit Directive (MCD) written by Emilia Miscenic and published by . This book was released on 2018 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purchasing real estate is the most important act in the life of the average consumer” according to the Commission Report, COM(95) 117 final. The mortgage credit market belongs to the most complex markets in which consumers engage and the mortgage credit agreements make 70 % of consumer credits in Europe. The Directive 2014/17/EU on credit agreements for consumers relating to residential immovable property or so-called Mortgage Credit Directive, which was adopted in February 2014, aims at the protection of consumers by following the supreme goal of the establishment and functioning of the internal market. At the same time it tries to fight against financial crisis and to promote financial stability by ensuring that the mortgage credit market and its participants operate in a responsible manner. The author examines the provisions of the new Mortgage Credit Directive in the light of consumer protection and by its critical overview tries to answer the question from the title of this paper: “Are consumers finally getting the protection they deserve?