Reprieve for Bank Loan Defaulters 

The Central Bank of Iran on Wednesday announced new conditions allowing banks to return the assets of defaulters seized by banks and credit institutions. 
As per a notice seen on the CBI website, the Money and Credit Council (MCC) approved the measure to help support defaulters who lost the ownership of their collateralized assets for failing to repay loans. 
Those eligible must meet a number of criteria to be able to recover the expropriated assets and the value of the holdings must not exceed 100 billion rials, the CBI said.