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U.A.E. Central Bank Is Studying Mortgage Law, Al Bayan Reports

The United Arab Emirates central bank is considering a mortgage law that would stipulate real-estate records, guarantees and a dispute resolution mechanism, Al Bayan reported, citing Central Bank governor Sultan Bin Nasser Al-Suwaidi.

The aim of the law is to encourage banks to accept homes as preferred collateral for debt, the newspaper cited the governor as saying.

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