Borrower insurance: all about the right to be forgotten when applying for a mortgage


Borrower insurance: all about the right to be forgotten when applying for a mortgage
Borrower insurance: all about the right to be forgotten when applying for a mortgage

With the reform of the borrower’s insurance, a new advance came into effect. From now on, the period of the right to be forgotten is reduced from 10 to 5 years for previous patients.

Facilitating access to credit for ex-cancer patients

People who were cured of cancer or hepatitis C for more than 5 years can 1Verse June 2022 gets their previous illness not declared to the borrower’s insurance. This procedure will be extended to other chronic diseases. Significant progress has been made thanks to the Lemoine Law that aims to Fairer, simpler and more transparent access to the insurance market for the borrower.

Passed on February 28, 2022, the Lemoine Act facilitates mortgage access for cancer and hepatitis C patients. Exempted from declaring this disease in the health questionnaire.

In addition, the law determines the termination of loan insurance at any time and also provides for the cancellation of the medical questionnaire for loans whose repayment expires before the insured reaches 6 years of age. In addition, to be eligible for Lemoine, the amount owed to the insured credit must be less than €200,000.

Reducing the right to be forgotten to 5 years

Previously, the right to be forgotten was 10 years from the end of the treatment protocol unless the disease was detected before the insured reached the age of 21. For the latter, which are known as ‘baby’ cancers, the delay was already 5 years. With this new provision, ex-patients can find borrower insurance rate terms more quickly without additional premiums or exclusions from coverage. Change makes it possible to get better conditions and easier access to mortgages. Moreover, this procedure will be Extended to other chronic diseases Under the provisions of the AREAS (Insurance and Borrowing with Exacerbated Health Risk) agreement, which brings together the various signatories, including the state, patient and consumer associations, professional insurance and banking associations. Several professionals must meet before July 31 to determine which diseases qualify for the Lemoine Diet.

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