What does MCD mean in Mortgage?
This page is about the meanings of the acronym/abbreviation/shorthand MCD in the Business field in general and in the Mortgage terminology in particular.
Submitted by S4Bot on February 24, 2019
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Definition
What does MCD mean?
- Mortgage Credit Directive
- The Mortgage Credit Directive (MCD) is a body of European legislation for the regulation of first- and second chargemortgages and consumer buy-to-let (CBTL) lending. It was originally adopted by the European Commission on 4 February 2014 and Member states had to transpose the regulations in their national law by March 2016. The Directive introduces a European framework of conduct standards for firms selling residential mortgages. The objective of the Directive is to create a Union-wide mortgage credit market, with a high level of consumer protection.
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"MCD." Abbreviations.com. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.abbreviations.com/term/2046011>.
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