Legal tip 840. Murcia punishing Banks
Wednesday, October 17, 2012 @ 8:30 PM
New judgment declaring the responsibility as custodian of banks where off plan amounts were deposited while the building process, under Article 1 second of law 57/68; this time by the Provincial Court of Murcia.
Such liability is defined as subsidiary to the developer´s and different to the guarantoor´s.
Perhaps, the most telling statement of the judgment is one in which it is stated that the obligation of custodians of deposits are:
"Legal obligations which makes these entities guardians of the existence of guarantees for the protection of interests of purchasers "
New era for banks coming!
Maria
"En directo....", Tarifa, Cadiz, Southern Spain, by Chodaboy, at flickr.com