Panama Reactivates Interest Law, Extending Relief to Thousands

Panama Government Extends Preferential Interest Law, Affecting 9,000 Mortgage Applications Panama City, June 4, 2025 – The Panamanian government has announced the reactivation of the Preferential Interest Law and the extension of extraordinary plenary sessions of the National Assembly. This decision, explained by Minister of Housing Jaime Jované during a cabinet meeting, directly impacts approximately 9,000 mortgage applications currently in process. "These processes will continue with the re-established Law 3 of May 20, 1985, and all its modifications," stated Minister Jované, clarifying the situation for those awaiting mortgage approvals. The extension ensures these applications are not affected by the upcoming changes in interest rates. The government's move to extend the law provides stability for thousands of Panamanians seeking homeownership. The clarity provided by Minister Jované's statement reassures those affected by the initial uncertainty surrounding the law's expiration. Further details regarding the financial implications and future plans are expected to be presented to the National Assembly in the coming days.