Borrowers urged to settle debts with housing fund

BEIRUT: The Lebanon Housing Institute called upon borrowers from the housing fund to settle their dues as soon as possible in order to avoid being prosecuted. 

“The delay in paying dues to the housing fund will prompt the institute’s board of directors to take legal measures according to item 45 of the General Accounting Law and which determines the principles upon which the government’s dues are paid,” said a statement issued by the institute Monday. 

It added that the institute considers this reminder as a warning, saying that borrowers can settle the debt by rescheduling their payments.

A version of this article appeared in the print edition of The Daily Star on July 22, 2014, on page 5.




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