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Banking Rule Book
Text applicable on 7 Oct 2026Consolidated version of 30 Jun 2021In forceUnofficial text · authentic on EBA (PDF) (opens in a new tab)

GL-LOM Section 3, heading 2 — as applicable on 7 Oct 2026 (version of 30 Jun 2021)

3

Implementation

Date of application

18.

These guidelines apply from 30 June 2021.

19.

Sections 5 and 6 apply to loans and advances that are originated after 30 June 2021. Section 5 also applies to loans and advances that already exist on 30 June 2021 if their terms and conditions have been changed after 30 June 2022, provided that the changes follow a specific credit decision approval, and if their implementation requires a new loan agreement with the borrower or an addendum to the existing agreement.

20.

Section 7 applies to any valuation, monitoring and revaluation of immovable property and movable property collateral, excluding financial collateral, conducted after 30 June 2021.

21.

Section 8 applies to all credit facilities originated after 30 June 2021.

Transitional provisions

22.

These specific provisions of the guidelines are subject to the following transitional arrangements, though competent authorities may accelerate this transition at their own discretion:

In relation to Section 8, if institutions do not have all the relevant information and data, as specified in these guidelines, to be used for the monitoring of existing borrowers or credit facilities granted before the application date, institutions should collect missing information and data until 30 June 2024, through regular credit review of borrowers, as set out in these guidelines.

Repeal

23.

The following guidelines are repealed, with effect from the date of application of these guidelines:

Guidelines on creditworthiness assessment (EBA/GL/2015/11).