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The Boston Globe

Business

Spanish banks to limit some evictions

Decision follows recent suicides

MADRID — Spain’s major banks agreed on Monday to suspend some evictions of homeowners unable to pay their mortgages after hundreds of thousands of Spaniards lost their homes during the crushing economic crisis and two recently committed suicide.

The Spanish Banking Association declared the two-year halt only for homeowners they consider the most vulnerable. Such a program may only apply to homes with elderly or disabled residents, not mortgage holders who are unemployed.

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