{"id":18,"date":"2026-05-07T18:38:26","date_gmt":"2026-05-07T18:38:26","guid":{"rendered":"https:\/\/www.dawn.com\/news\/1998410\/govt-mulls-allowing-commercial-banks-to-take-over-mortgaged-houses-90-days-after-default"},"modified":"2026-05-07T18:38:26","modified_gmt":"2026-05-07T18:38:26","slug":"e48f8ea080374b50a0f3","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=18","title":{"rendered":"Govt mulls allowing commercial banks to take over mortgaged houses 90 days after default"},"content":{"rendered":"<p>ISLAMABAD: The government decided in principle to grant commercial banks significant powers to take over mortgaged houses in case of default after a cumulative notice period of 90 days, in a move aimed at encouraging lending to the housing sector.<br \/>\nThe proposed foreclosure law to amend \u201cThe Financial Institutions (Recovery of Finances) Ordinance, 2001\u201d, currently under review by the National Assembly\u2019s Standing Committee on Finance and Revenue, provides that where a customer defaults on payment o<\/p>\n<p><a href=\"https:\/\/www.dawn.com\/news\/1998410\/govt-mulls-allowing-commercial-banks-to-take-over-mortgaged-houses-90-days-after-default\">Read original at Dawn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The government decided in principle to grant commercial banks significant powers to take over mortgaged houses in case of default after a cumulative notice period of 90 days, in a move aime<\/p>\n","protected":false},"author":1,"featured_media":70,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-18","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/18","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/18\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/70"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}