As guarantor, the State takes on responsibility for the payment of up to 15% of the principal initially agreed to the credit institution that granted the loan, where the debtor is unable to make the payments they have committed to.

However, by providing a guarantee the State does not finance, let alone pay, the purchase of the property. A credit institution always grants financing and has an obligation to assess the debtor’s risk. The obligation to pay such an amount plus interest and fees always falls upon the debtor. The existence of a State guarantee does not change the risk assessment criteria, nor does it relieve the debtor of their obligations.