Sale of protected housing to bank subsidiary: registration requires notification to the Andalusian Board even if it is a dation in payment
06 Jun 202654 views
Who is affected:
Developers, financial entities and real estate subsidiaries that transfer protected housing in Andalusia
Summary
The General Directorate resolves that the transfer of VPO to a subsidiary of the creditor bank does not constitute dation in payment and requires prior regional notification. Without this procedure, the property registry may suspend the registration.
Detailed analysis
PRO
The resolution analyzes whether the sale of protected housing (VPO) to a subsidiary company of the creditor bank can be considered dation in payment, thus exempting it from the obligation to notify the competent Andalusian Department. The DGSJFP confirms it does not: since the purchaser is a subsidiary and not the cred…
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