Specifically, the new legislation allows the borrowers in a range of municipalities in La Palma that applied to have their payment obligations suspended (or to have that suspension extended) under Real Decree-law 20/2021 to apply, up until 31 July 2024, for an additional six-month suspension of their payment obligations under mortgaged or unmortgaged loan or credit agreements. Royal Decree-law 4/2024 took effect the day after its publication.