Wait, don't go!

Sign up to our newsletter to be the first to know about new developments at Diligex!

Name

Surname

Email


×

Special Notice to Notaries: New Obligations Under Legal Notice 81/2021

The Use of Cash (Restriction) Regulations (LN81/2021) published earlier in March 2021 bring forth a new obligation through Article 7 of the same. This is applicable to all notaries in relation to information about all transactions (€10,000 or more) of concerning immoveable property and not only those paid by cash.

This obligation entered into force with immediate effect and any notary not maintaining a specific register of the details required at law shall be immediately deemed in breach of the Notarial Profession and Archives Act.

The details include:

  • Buyer and Seller’s name, address, type of and number of official identification document, and the same in case of any person/s acting as agents for either;

And where applicable if a part- or whole payment is made through the following means respectively:

  • Payment Account IBAN;
  • Card Number and Issuing Institution;
  • Cheque/Bank Draft Number and Credit/Financial Institution drawn;
  • Method of Payment and Exact Amount Paid when paid through other methods or in kind.

Record-keeping obligations are outlined in Article 9 of the same law.