Asesoramiento en la Ley de crédito inmobiliario (Advisory Services in Law Regulating Credit Agreements Relating to Residential Immovable Property)

24 Pages Posted: 28 Jun 2019 Last revised: 8 Sep 2020

See all articles by Fernando Zunzunegui

Fernando Zunzunegui

Universidad Carlos III de Madrid - Faculty of Social Sciences and Law

Date Written: June 1, 2019

Abstract

Spanish Abstract: El asesoramiento en operaciones de crédito inmobiliario es una de las actividades comprendidas en la Ley 5/2019, de 15 de marzo, reguladora de los contratos de crédito inmobiliario. La complejidad que puede alcanzar el crédito inmobiliario y la posible existencia de conflictos de intereses aconsejaban regular este tipo de asesoramiento. Se siguen los pasos del sistema MiFID. Desde esta perspectiva, el presente artículo analiza el régimen jurídico del asesoramiento en crédito inmobiliario y su controvertida naturaleza. Asimismo, se describe su iter contractual, desde la perfilación del cliente, pasando por el análisis de productos y la evaluación de su adecuación al perfil del cliente, hasta le emisión de la recomendación, con referencias a la responsabilidad contractual del asesor. Se reivindica la profesión de asesor financiero, descartando que la función del notario sea la de asesorar a los clientes.

English Abstract: The provision of advisory services on transactions on credit agreements relating to residential immovable property is one of the activities within the scope of Law 5/2019. It is recommended to regulate this type of legal advice due to its complexity and the conflicts of interest that may arise. MiFID II rules are been followed. From this perspective, this paper analyses the legal regime of advisory services on credit agreements relating to residential immovable property and their controversial legal nature. The contract process is described from the profile of the client, through the analysis of products and the assessment of their suitability according to the client’s profile, to the provision of the personal recommendation, with reference to advisor’s contractual liability. It is claimed the role of financial advisors, discarding that the purpose of the notary is advising clients.

Note: Downloadable document is in Spanish.

Keywords: Ley de crédito inmobiliario, MiFID II, asesoramiento financiero, asesor financiero, productos financieros; Law regulating real estate credit agreements, MiFID II, advisory services, financial advisor, financial products

JEL Classification: G15, G18, G21, G28, G32, G28, K22

Suggested Citation

Zunzunegui, Fernando, Asesoramiento en la Ley de crédito inmobiliario (Advisory Services in Law Regulating Credit Agreements Relating to Residential Immovable Property) (June 1, 2019). Available at SSRN: https://ssrn.com/abstract=3410936 or http://dx.doi.org/10.2139/ssrn.3410936

Fernando Zunzunegui (Contact Author)

Universidad Carlos III de Madrid - Faculty of Social Sciences and Law ( email )

Getafe (Madrid), 28903
Spain

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